At what enterprise value was SILAE acquired in 2020?

During the acquisition of SILAE by SILVER LAKE in 2020, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SILAE when it was acquired by SILVER LAKE?

The estimated EV/EBITDA multiple for SILAE is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.5x. Join our community for free to access full valuation data and industry trends.

When was SILAE acquired by SILVER LAKE?

SILAE was acquired by SILVER LAKE in 2020.

What was the revenue of SILAE at the time of the deal?

The revenue of SILAE at the time of the deal is estimated to be in the range of 25M - 50M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SILAE during the acquisition?

SILAE's EBITDA is estimated to be in the range of 25M - 50M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the SILAE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SILAE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/lbo/silver-lake-acquiert-100-de-silae-pour-quelque-600-m-1222340

← DATABASE

Home Database TMT (Tech, Media, Telecom)SILAE

07/2020

SILAE acquired by SILVER LAKE

FRANCE Software / ERP, HR & Finance EV 500M - 1.5b EUR

Context

The transaction involves the 100% acquisition of Silae by Silver Lake from its five founding partners. The strategic rationale is driven by Silver Lake’s ambition to accelerate the company’s growth in the TPE/PME segment and expand its functional scope into a full-suite HR software provider. The deal was initially funded 100% with equity from Silver Lake’s Fund V and its successor fund, with a planned debt push-down at a moderate leverage of 3.0x to 4.0x EBITDA post-closing. This investment highlights a significant move by a premier US-based tech-focused private equity firm into the French mid-market, targeting high-quality SaaS assets with dominant domestic positions. Key post-deal objectives include optimizing the solution's ergonomics to shorten deployment cycles and pursuing targeted add-on acquisitions to bridge gaps in the product offering for larger corporate clients.

SILAE, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Silae is a high-growth French Software-as-a-Service (SaaS) provider specializing in cloud-based payroll and human resources management solutions. Founded in 2010 and based in Aix-en-Provence, the company has established itself as a market leader by automating the complex regulatory and administrative aspects of French payroll. Its business model relies on an indirect distribution network of accounting firms and integrators, serving over 550,000 SMEs and processing approximately four million payslips monthly. The company’s technical architecture is noted for its high scalability and ability to handle frequent legal updates in real-time. Silae’s financial profile is exceptional, characterized by triple-digit EBITDA growth and a recurring revenue model with high customer stickiness. Strategically, the firm acts as a central platform for the digitalization of the French HR ecosystem. Its value proposition is centered on operational efficiency, regulatory compliance, and a user-friendly interface that reduces the time required for payroll deployment.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2020	SEVEN2	ODIGO	FRANCE	CRM & Sales
09/2020	ABENEX	INLOG	FRANCE	Healthcare
05/2020	AMBIENTA	NAMIRIAL	ITALY	Industry-Specific Software
04/2020	CORNERSTONE ONDEMAND	SABA SOFTWARE	UNITED STATES	ERP, HR & Finance
04/2020	PARQUEST CAPITAL / BPIFRANCE	JVS GROUP	FRANCE	Industry-Specific Software
02/2020	PERMIRA	LYTX	UNITED STATES	Software
02/2020	HG CAPITAL	SMARTTRADE TECHNOLOGIES	FRANCE	Financial Services / Banking
01/2020	OMNES CAPITAL / MACSF	OPPORTUNITY	FRANCE	MarTech
01/2020	CVC	ECOVADIS	FRANCE	Industry-Specific Software
12/2019	JOLT CAPITAL	EFFICIENTIP	FRANCE	Software

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 25M - 50M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SILAE by SILVER LAKE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: silae

Acquirer: silver lake