Keensight to buy Adista from Equistone

Equistone's exit comes five years after it acquired the company. Under its ownership, the company consolidated its position, carried out add-on acquisitions of Fingerprint Technologies in July 2020 and Waycom in February 2021, and doubled its revenues to €153m. 

Following the completion of the deal, Keensight will take over as a majority shareholder alongside some of its co-investing LPs, including FEF (the co-investment partnership between Mubadala and BPI France), and the management team, led by CEO Patrice Bélie. The company's founders, Gilles and Pascal Caumont, will remain on the company's supervisory board.

Keensight hopes to help accelerate Adista's organic growth and support its development strategy to become a "one-stop shop" through external growth and the integration of additional skills. Bélie said in a statement that the company had targets to reach revenues of €300m by 2025.

Company
Founded in 1981 and based in Maxéville, Adista is a B2B provider of IT and telecoms services. The company uses its own data centres in France and has a network of 35 branches across the country. 

The company employs 720 staff and had revenues of €153m in 2020.

People
Adista – Patrice Bélie (CEO).
Keensight Capital – Stanislas de Tinguy (partner).

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• Topics
• Buyouts
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• Support services
• Equistone Partners Europe
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• Secondary buyout