UNIK acquired by ADISTA
Context
Adista and Unyc, both supported by Keensight Capital, have signed an exclusivity agreement for a strategic merger. This transaction creates a new national champion with a combined turnover of €220 million and 900 employees in 2021. Under the leadership of Group President Patrice Bélie, the two entities will maintain their operational specializations: Adista focusing on direct sales and Unyc on indirect/white-label distribution. Damien Watine, founder of Unyc, becomes a shareholder in the new holding company and continues to lead Unyc’s operations while joining the group’s executive board. The merger aims for massive scale, targeting €500 million in revenue by 2025.
UNIK, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).
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
Founded in 2004, Unyc is a major French player in the indirect sale of telecommunications and cloud services. The company operates as a wholesale provider and white-label distributor, enabling a network of partners and resellers to offer telecom solutions to their own end-customers. Its value proposition is built on a high-performance digital platform that simplifies the provisioning and management of fixed-line, mobile, and connectivity services. Strategically, Unyc excels in the "indirect channel" market, providing the technical backbone for hundreds of regional IT integrators and resellers across France.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M 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).
Press release: view release
Acquirer: adista