At what enterprise value was SPARTES acquired in 2025?

During the acquisition of SPARTES by ANDERA PARTNERS in 2025, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR.

When was SPARTES acquired by ANDERA PARTNERS?

SPARTES was acquired by ANDERA PARTNERS in 2025.

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

The revenue of SPARTES at the time of the deal is estimated to be in the range of 25M - 50M EUR.

How is the data for the SPARTES 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 SPARTES 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/spartes-organise-un-sponsorless-avec-andera-2173946

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Home Database Business ServicesSPARTES

06/2025

SPARTES acquired by ANDERA PARTNERS

FRANCE Professional Services / Consulting & Audit EV 50M - 150M EUR

Context

Spartes completes a "Sponsorless" transaction with Andera Partners (Andera Acto). This operation allows the management team to reorganize the shareholder structure and provide liquidity to some historical partners without ceding control to a majority private equity fund. This financial backing aims to accelerate Spartes' development, particularly through the expansion of its digital service offering and potential small-scale acquisitions to complement its expertise in tax and social cost optimization.

SPARTES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.6x).

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Target

A leading French consulting firm founded in 2005, specializing in cost optimization and operational excellence. Spartes helps companies improve their EBITDA by identifying and recovering overpayments in social security contributions, local taxes, and procurement. The firm stands out for its "success fee" business model and its proprietary digital tools that automate data analysis.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

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10/2024	TELEMOS CAPITAL	HELIOS GLOBAL GROUP	UNITED KINGDOM	Strategy & Management
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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue 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 SPARTES by ANDERA PARTNERS 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: spartes

Acquirer: andera partners