Alten: if there is only one left…

Blackstone. The private equity giant Blackstone is preparing to take over SII at the price of 70 Euros per share. This offer materializes an enterprise value to Ebitda ratio of around 15 taking into account forecasts for the 2023/2024 financial year. We want to bet on comparables because this multiple seems high to us. It confirms the solid growth prospects of innovation consulting… But there are no longer many pure players in the specialty on the Parisian market. Among the main players, Akka was taken over by Adecco while Altran became part of Capgemini. Only Alten is still independent…