At what enterprise value was TOPSOLID acquired in 2024?

You can find the full valuation details of TOPSOLID on mynth capital. 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 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TOPSOLID when it was acquired by CREDIT MUTUEL EQUITY?

The exact EV/EBITDA multiple for TOPSOLID is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was TOPSOLID acquired by CREDIT MUTUEL EQUITY?

TOPSOLID was acquired by CREDIT MUTUEL EQUITY in 2024.

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

The revenue of TOPSOLID at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 TOPSOLID 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 TOPSOLID 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://www.fusacq.com/buzz/l-editeur-de-logiciels-iserois-topsolid-accueille-credit-mutuel-equity-a250074_fr_

← DATABASE

Home Database TMT (Tech, Media, Telecom)TOPSOLID

11/2024

TOPSOLID acquired by CREDIT MUTUEL EQUITY

FRANCE Software / Engineering & Design Software REV 50M - 100M EUR

Context

TopSolid completed its fifth LBO since 2005, welcoming Credit Mutuel Equity as a new minority reference shareholder. Historical partners Bpifrance and IRDI chose to reinvest, while Siparex (shareholder since 2018) exited. The transaction allows the management team—comprising two generations of executives—to retain majority control (>60%), with the younger generation significantly strengthening their equity position. The deal is supported by senior debt with a leverage ratio below 3.0x EBITDA. The strategic goal is to reach EUR100M in revenue by 2029 while remaining an independent French player.

TOPSOLID, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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

Target

TopSolid is a leading French publisher of CAD/CAM (Computer-Aided Design and Manufacturing) and ERP software tailored for the mechanical engineering, wood, and sheet metal industries. The company has successfully expanded internationally, now generating 50% of its revenue outside France.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2024	SEPTEO	YMAG	FRANCE	Software	Owned since 2019 by Initiative & Finance, Ymag (a software publisher specializing in professional training and a leader in the apprenticeship sector) has announced its acquisition by Septeo (a leading software publisher in Europe)
12/2024	TEAMVIEWER	1E	UNITED KINGDOM	Software	TeamViewer has entered into a definitive agreement with Carlyle Europe Technology Partners to acquire 100% of 1E on a cash-free, debt-free basis. Financed via existing credit lines and new debt instruments, the transaction structures the integration of the London-based digital employee experience platform into the purchasing group's corporate network
11/2024	SOGELINK	NETISYS	FRANCE	Software	Sogelink announced the acquisition of Netisys, marking its fifth acquisition in two years and the first major build-up since CVC's entry. This transaction strengthens Sogelink's offering for public and parapublic actors by integrating specialized tools for managing road, rail, and port infrastructures
10/2024	SAGARD	FUTUR MASTER	FRANCE	Software	Sagard NewGen has announced the acquisition of FuturMaster, a premier SaaS provider specializing in Supply Chain Planning and Revenue Growth Management (RGM). Sagard NewGen becomes the majority shareholder, succeeding the founder, Bo Zhou, who exits the business
10/2024	VERTISEIT	VISUAL ART SWEDEN	SWEDEN	Software	Vertiseit acquired 100% of the outstanding shares in Visual Art. This transformative transaction significantly expands Vertiseit's global footprint, particularly in the Nordics, UK, and North America, while increasing its total Annual Recurring Revenue (ARR) by over 40% to SEK 254 million
10/2024	BONNIER CAPITAL	VERTISEIT	SWEDEN	Software	Bonnier Capital significantly increased its stake in Vertiseit to become the company’s largest shareholder, holding approximately 18% of the capital. This strategic investment served as the primary financing engine for Vertiseit’s simultaneous acquisition of its competitor, Visual Art
10/2024	GROUPE LACOUR	DRAGON2000	UNITED KINGDOM	Software	Lacour Group has successfully completed the 100% acquisition of the UK-based software developer Dragon2000, marking its first major international expansion since the 2023 Carlyle LBO. The transaction was funded through a combination of existing cash reserves and CAPEX facilities provided by Capza
10/2024	TOMRA	C-TRACE	GERMANY	Software	In October 2024, TOMRA acquired an 80% stake in c-trace from its founders and historical shareholders. The remaining 20% is retained by the founders, with TOMRA holding an option to acquire this residual stake after a two-year period
10/2024	SESA GROUP	SMART ENGINEERING	GERMANY	Software	On October 28, 2024, Sesa S.p.A., through its subsidiary Var Group, finalized a binding agreement to acquire a 55% majority stake in SMART Engineering GmbH, a specialized provider of CAE software and engineering simulation services
10/2024	VERALTO CORPORATION	TRACEGAINS	UNITED STATES	Software	Veralto has acquired the holding company of TraceGains. This acquisition strategically expands Veralto’s PQI segment by integrating TraceGains’ food safety software with Esko’s digital workflow solutions for packaging and label design

REFERENCES

Revenue range: 50M - 100M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: credit mutuel equity