Unik acquired by Adista

FRANCE IT Services / Infrastructure & Cloud / MSP (Managed Services) EV €100–350M

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 [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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

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.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

15x–25x

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with Adista

Other operations with Adista
Date	Acquirer	Target	Country	Sector
06/2021	KEENSIGHT CAPITAL	ADISTA	FRANCE	MSP (Managed Services)
02/2021	ADISTA	WAYCOM	FRANCE	MSP (Managed Services)
07/2016	EQUISTONE / GEI	ADISTA	FRANCE	MSP (Managed Services)

Similar deals in IT Services

Similar deals in IT Services
Date	Acquirer	Target	Country	Sector
12/2021	B & CAPITAL	BE-CLOUD	FRANCE	MSP (Managed Services)
12/2021	CLESSIDRA SGR	IMPRESOFT	ITALY	Consulting & Integration
09/2021	FAYAT	NXO	FRANCE	Consulting & Integration
09/2021	PARQUEST CAPITAL / CAPZA	ADVENS	FRANCE	Cybersecurity Services
07/2021	AXCEL	PRODATA CONSULT	DENMARK	Consulting & Integration
07/2021	CHARTERHOUSE	LABELIUM	FRANCE	AdTech
07/2021	TRITON PARTNERS	SWISS IT SECURITY GROUP (SITS)	SWITZERLAND	Cybersecurity Services
06/2021	KEENSIGHT CAPITAL	ADISTA	FRANCE	MSP (Managed Services)
06/2021	XENON PRIVATE EQUITY	GN TECHONOMY	ITALY	Consulting & Integration
05/2021	EURAZEO / SAGARD	I-TRACING	FRANCE	Cybersecurity Services

REFERENCES

Valuation range: EV €100–350M

Revenue range: €50–100M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

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 Unik by Adista 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 Adista’s acquisition of 100% of Unik, a French company specialised in Infrastructure & Cloud, in 2021.

How was the acquisition of Unik by Adista 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 1x - 3x range. Exact figures are available to members.

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

At the time of the transaction, Unik generated annual revenue estimated in the €50–100M range and EBITDA in the €5–25M bracket (FY 2021). Detailed financial figures are available to members.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.