Tobania acquired by Sopra Steria

BELGIUM IT Services / Consulting & Integration EV €100–350M

Context

Sopra Steria, a global leader in technology, has finalized the acquisition of Assua NV and its operating subsidiaries Tobania NV and Python Predictions BV. This acquisition brings the Group into the club of major players in a market considered

Tobania, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average observed in the TMT (Tech, Media, Telecom) sector (15.2x in 2022).

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

Target

A leading Belgian IT services company specializing in digital transformation, software development, and specialized staffing. Tobania provides end-to-end IT solutions for financial services, public sector, and retail clients.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Similar deals in IT Services

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Date	Acquirer	Target	Country	Sector
02/2023	HLD	INFODIS	FRANCE	Consulting & Integration
12/2022	SESA GROUP	CYRES CONSULTING	GERMANY	Cybersecurity Services
10/2022	LDC	ACORA	UNITED KINGDOM	MSP (Managed Services)
09/2022	KKR	BARRACUDA NETWORKS	UNITED STATES	Cybersecurity Services
08/2022	VINCI ENERGIES	KONTRON	GERMANY	MSP (Managed Services)
05/2022	THE CARLYLE GROUP	MANTECH INTERNATIONAL CORPORATION	UNITED STATES	Cybersecurity Services
05/2022	QINETIQ	AVANTUS FEDERAL	UNITED STATES	Cybersecurity Services
05/2022	PERMIRA	MIMECAST	UNITED STATES	Cybersecurity Services
01/2022	BAIN CAPITAL	INETUM	FRANCE	Consulting & Integration
01/2022	PARTNERS GROUP	ATNORTH	ICELAND	Hosting / Datacenter

REFERENCES

Valuation range: EV €100–350M

Revenue range: €100–200M

EBITDA range: €5–25M

EV/Revenue range: below 1.5x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Tobania by Sopra Steria 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.

FAQ

What transaction does this page cover?

This page covers Sopra Steria’s acquisition of 100% of Tobania, a Belgian company specialised in Consulting & Integration, in 2022.

How was the acquisition of Tobania by Sopra Steria valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Tobania’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Tobania generated annual revenue estimated in the €100–200M range and EBITDA in the €5–25M bracket (FY 2022). Detailed financial figures are available to members.

How does the valuation of Tobania compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated multiple range of 10x - 18x, the transaction stands directly in line with historical averages for the TMT (Tech, Media, Telecom) sector (15.2x in 2022).

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

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