SPARTES acquired by ANDERA PARTNERS
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 [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).
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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
€50–150M
Equity Value
[members only]
Multiples
EV / Revenue
1x–3x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
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| 10/2025 | ANDERA PARTNERS | XELIANS | FRANCE | Document Management |
| 02/2025 | ANDERA PARTNERS | GROUPE CDS | FRANCE | E-commerce & Marketplaces |
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| 07/2024 | ANDERA PARTNERS | TECNIKABEL | ITALY | Cabling & Connectivity |
| 03/2024 | ANDERA PARTNERS | GROUPE ADF | FRANCE | Multi-technical Installation |
| 01/2024 | ANDERA PARTNERS | MEOGROUP | FRANCE | Consulting & Audit |
REFERENCES
Valuation range: EV €50–150M
Revenue range: €25–50M
EV/Revenue range: 1x - 3x
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