WIFIRST
Acquired by
AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF
WIFIRST acquired by AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF
Target
WIFIRST
Acquirer
AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF
Context
Groupe Bollore sold its 100% stake in Wifirst to a consortium of investors (Amundi, Bpifrance, Socadif) and the management team. The deal is heavily leveraged, financed by a EUR100 million unitranche debt facility provided by Pemberton.
WIFIRST, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.1x average currently observed in the TMT (Tech, Media, Telecom) sector.
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 2002, Wifirst is the French leader in "Managed Wi-Fi" for professionals. The company deploys and operates high-density connectivity networks for specific verticals: student housing (CROUS), hospitality (hotels, campsites), and defense (military bases). Unlike a simple installer, Wifirst operates as a telecom operator with its own core network.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with WIFIRST
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 03/2022 | CAPZA | WIFIRST | FRANCE | Operators | Capza acquired a majority stake in Wifirst following a competitive process led by Hottinguer CF. The historical investors from the 2019 spin-off (Amundi PEF, Bpifrance, Socadif) sold part of their shares but reinvested to keep a minority stake alongside the CEO. The transaction is supported by a unitranche financing facility provided by Ares Management. The deal aims to fuel external growth in Europe. |
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