Waycom acquired by Adista

FRANCE IT Services / Infrastructure & Cloud / MSP (Managed Services) EV €50–150M

Context

Adista signed a definitive agreement to acquire 100% of its peer Waycom. This transformative operation, supported by majority shareholder Equistone, allowed Adista to solidify its position as the premier alternative French B2B operator, second only to the three historical national carriers. The transaction involved a massive reinvestment by Waycom’s management shareholders into the new group, ensuring operational continuity. This merger followed the acquisition of Fingerprint Technologies in 2020, densifying the group's presence in the Paris region and strengthening its capabilities in multi-cloud and connected retail. The combined entity reported a pro-forma turnover of €153 million in 2020 with a total workforce of 720 employees.

Waycom, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Waycom is a French cloud and telecom operator, integrator, and managed services provider. The company specializes in cloud computing solutions, network connectivity, and unified communications. Waycom is particularly recognized for its operational excellence in multi-site deployments and its strong footprint in the retail sector, serving premium brands such as Okaïdi, Maisons du Monde, and Yves Rocher. With 160 employees and offices in France, Luxembourg, and Canada, the group offers a comprehensive suite of innovative digital solutions tailored for companies of all sizes, with a high degree of expertise in complex managed infrastructure.

Ent. Value

€50–150M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with Adista

Other operations with Adista
Date	Acquirer	Target	Country	Sector
09/2021	ADISTA	UNIK	FRANCE	MSP (Managed Services)
06/2021	KEENSIGHT CAPITAL	ADISTA	FRANCE	MSP (Managed Services)
07/2016	EQUISTONE / GEI	ADISTA	FRANCE	MSP (Managed Services)

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11/2020	PRESIDIO	ARKPHIRE	IRELAND	Consulting & Integration
10/2020	ANDERA PARTNERS	GROUPE ARTEMYS	FRANCE	Consulting & Integration
10/2020	MONTEFIORE INVESTMENT	GROUPE OPEN	FRANCE	Consulting & Integration
07/2020	HIG CAPITAL	PROJECT INFORMATICA	ITALY	Consulting & Integration
07/2020	KKR	DEVOTEAM	FRANCE	IT Services
05/2020	KBR	CENTAURI	UNITED STATES	Cybersecurity Services
03/2020	PALATINE PRIVATE EQUITY	ACORA	UNITED KINGDOM	MSP (Managed Services)

REFERENCES

Valuation range: EV €50–150M

Revenue range: €25–50M

EV/Revenue range: 1x - 3x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Waycom 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 Waycom, a French company specialised in Infrastructure & Cloud, in 2021.

How was the acquisition of Waycom by Adista valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €50–150M band and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What was Waycom’s revenue at the time of the deal?

At the time of the transaction, Waycom’s annual revenue was estimated within the €25–50M range (FY 2020). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

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