mynth
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 (14.8x).

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.

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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

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2024
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REFERENCES

Revenue range: 50M - 100M EUR

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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