Keensight Capital Takes Majority Stake in Adista from Equistone

June 15, 2021

Keensight Capital has signed an agreement to acquire a majority stake in Adista, the leading French alternative B2B hosted services operator, taking over Equistone Partners Europe as majority shareholder alongside FEF and Adista management. Adista — a French IT and telecom services provider with more than 720 employees and 35 branches, €153m in revenues for the 12 months to 31/12/2020 and a target of €300m by 2025 — will be supported by Keensight to accelerate organic growth and pursue external growth / capability expansion.

Buyers
Keensight Capital, FEF (Franco Emirati Fund)
Targets
Adista
Sellers
Equistone Partners Europe
Industry
IT Services
Location
France
Transaction Type
Buyout

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