Elisath
Build the French leader in ticketing and access control for public sports facilities.
ELISATH IS ACQUIRED IN A BUY-OUT BY EKKIO CAPITAL
Elisath is a leading France-based ticketing software editor and access control integrator for sports infrastructures, such as swimming pools and ice rinks.
As the number of public sports facility operators has decreased, those remaining face an oversupply of service providers. Consequently, these operators are gradually transitioning from fragmented on-premise ticketing software to unified, cloud-based entitlement management solutions.
Additionally, public-owned facilities are a significant income source. Consequently, operators are investing in revenue management solutions, such as CRM and marketing automation, to increase facility-related income.
As the market leader in swimming pool solutions for over 15 years, Elisath, with its comprehensive software, is well-positioned to capture public funding and has visibility to potentially double its revenue.
With plans to expand the team from 50 to 100 employees, Elisabeth Ferlet, Elisath’s Founder, President, and CEO, feels she is not the ideal person to drive Elisath’s growth potential, prompting an ambitious corporate handover at a competitive market valuation.
Before our involvement, the client received offers with significant discounts due to the business’s size and its access control integration component.
Through rigorous vetting of prospective buyers and emphasizing how Elisath’s assets aligned with their strategic goals, we established a competitive process that resulted in a valuation three times higher.