mynth
12/2024

VALCON acquired by RIVEAN CAPITAL

NETHERLANDS IT Services / Consulting & Integration REV 0M - 5M EUR

Context

Rivean Capital has successfully entered into a definitive agreement to acquire a majority shareholding in Valcon from Waterland Private Equity. This strategic transaction marks a secondary LBO, with the previous majority investor, Waterland, electing to re-invest as a minority shareholder alongside the existing management team. The move is designed to provide the organization with the necessary capital and strategic support to enter its next phase of development, specifically targeting the consolidation of the European digital transformation market. The strategic rationale focuses on accelerating the firm’s international footprint through an aggressive buy-and-build program while simultaneously investing in cutting-edge technological solutions, particularly in the fields of artificial intelligence and advanced data analytics. By leveraging the new sponsor’s extensive mid-market expertise and industrial network in NorthWestern Europe, the organization aims to become the primary benchmark for digital business transformation on the continent. The partnership ensures continuity in leadership and operational focus, maintaining the target's specialized culture while scaling its technical operational density across multiple industrial verticals.

VALCON, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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

Target

Valcon is a specialized technology and management consulting organization that operates as a leading European provider of digital transformation services. The entity’s business model is structured around the intersection of data, consulting, and technology, assisting large-scale enterprises in translating strategic goals into operational reality. Its value proposition is built on the deployment of a multidisciplinary workforce of 1,600 professionals who provide high-level expertise in artificial intelligence, cloud integration, and process automation. Strategically, the firm focuses on the "NorthWestern Europe" corridor, serving a blue-chip client base across financial services, retail, and public sectors. By integrating deep technical capabilities with industrial-grade change management, the firm facilitates the end-to-end modernization of complex corporate infrastructures. The organization operates as a strategic bridge between theoretical innovation and technical durability, ensuring clients maintain a competitive edge in software-defined markets.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

Similar deals in IT Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
03/2025SESA GROUPINNOFOURNETHERLANDSConsulting & Integration
02/2025HIG CAPITALCONVERGE TECHNOLOGY SOLUTIONSCANADAConsulting & Integration
11/2024OAKLEY CAPITAL INVESTMENTS / EURAZEO / SAGARDI-TRACINGFRANCECybersecurity Services
11/2024ASTORGRedslimSWITZERLANDData & AI Consulting
11/2024EURAZEOEOWINFRANCEIT Services
09/2024BLACKSTONE / CPP INVESTMENTSAirTrunkAUSTRALIAHosting / Datacenter
06/2024DIGITALBRIDGE / SILVER LAKEVantage Data CentersUNITED STATESHosting / Datacenter
04/20243ICONSTELLATIONFRANCEInfrastructure & Cloud
04/2024CLAYTON, DUBILIER & RICE (CD&R)PresidioUNITED STATESConsulting & Integration
02/2024GROUPE SNEFVISIATIVFRANCEConsulting & Integration

REFERENCES

Revenue range: 0M - 5M EUR

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

Press release: view release

Acquirer: rivean capital