Warrant Hub S.p.A. acquired Euroquality SAS and Europroject OOD to expand its consulting capabilities in securing EU funding for innovation, enhancing its market presence in Bulgaria.

Target Company Overview

Warrant Hub S.p.A. completed the acquisition of Euroquality SAS and its sister company Europroject OOD on November 11, 2020. Both companies are based in Sofia, Bulgaria, and have over 20 years of experience in consulting for businesses seeking European funds for innovation. Euroquality, headquartered in Paris, manages European projects and oversees technical documentation. They play a critical role in valorizing technological and methodological innovation within the research and development (R&D) sector, assisting clients such as SMEs, industries, and research centers to be at the forefront of European collaborative projects.

Euroquality and Europroject possess deep technical knowledge and high competency in differentiated fields, including environment, energy, health, biotechnology, agro-food, security, and social sciences. Their expertise enables clients to navigate and secure significant funding opportunities across Europe.

Industry Overview in Bulgaria

Bulgaria's consulting industry, particularly in the realm of innovation funding, has been growing steadily, influenced by the country's integration into the European Union. The EU's investment strategies aim to bolster member states' competitiveness, making

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Warrant Hub S.p.A.

invested in

Euroquality SAS and Europroject OOD

in 2020

in a Other deal

Disclosed details

Transaction Size: $2M

Revenue: $2M

EBITDA: $1M

Enterprise Value: $2M

Equity Value: $2M


Multiples

EV/EBITDA: 3.7x

EV/Revenue: 1.1x

P/Revenue: 1.1x

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