WIFIRST
Acquired by
CAPZA
WIFIRST acquired by CAPZA
Target
WIFIRST
Acquirer
CAPZA
Context
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.
This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.1x since the beginning of 2026, 4.7% decrease compared to 2025. 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 |
|---|---|---|---|---|---|
| 09/2019 | AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF | WIFIRST | FRANCE | Operators | 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. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.