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Transactions 22 September 2025

Adonys Security joins LeHibou to create a major player in cybersecurity consulting

Cession
sector Consulting & Technology Services
LeHibou, an intermediation platform specializing in IT freelancing for large companies, announces the acquisition of Adonys Security, a company specialized in cybersecurity. PAX Corporate Finance advised the partners of Adonys Security in this transaction.
Customer Adonys Security

Adonys Security is a consulting and expertise firm in cybersecurity (GRC, penetration testing/red teaming, SOC, cloud security, IAM, protection of critical infrastructures), a subsidiary of the ADONYS Group.

Counterparties LeHibou

LeHibou is an intermediation and services platform that connects IT freelancers who are experts in their fields (Project Management, Data, Interim Management, Cloud, Security…) with large companies.

Adonys Security is a consulting and expertise firm in cybersecurity (GRC, penetration testing/red teaming, SOC, cloud security, IAM, protection of critical infrastructures), a subsidiary of the ADONYS Group. It mobilizes its experts to identify, assess, implement, and operate the most suitable defenses for securing its clients, in order to support companies across all dimensions of a security strategy and its operational implementation. With a turnover of 17 million euros achieved in 2025, it aims to reach 20 million euros in 2026.

 

The new benchmark for cyber freelancing

 

Since its creation, LeHibou has been working to connect IT freelancers with large companies, facilitating access to rare and expert talents to meet complex project needs. The acquisition of Adonys Security, a cybersecurity consulting firm, allows the group to enrich its portfolio of expertise and respond to a growing demand for secure and innovative solutions.

Before this merger, cybersecurity represented about 10% of LeHibou’s revenue. Now, the cybersecurity division will reach nearly 30 million euros, positioning the group among the major players in the sector in France. The company is targeting total revenue of 150 million euros in 2025, continuing its strong growth trajectory.

With this operation, LeHibou confirms its role as a market consolidator and takes a new step in its development. By reaching a critical size, the group establishes itself as a recognized and essential player in IT freelancing in France.

According to Christophe de Becdelièvre, founder and CEO of LeHibou : “This acquisition marks a strategic turning point for LeHibou. It allows us to strengthen our position as an IT multi-specialist and accelerate our growth by investing in the highly promising sector of cybersecurity. We are delighted to be able to offer our clients increasingly comprehensive and innovative solutions.”

 

Combining talent and expertise to accelerate growth

 

This operation is part of a long-term value creation strategy and an acceleration of LeHibou’s growth. By combining the expertise of LeHibou and Adonys Security, the group will be able to offer its clients comprehensive cybersecurity solutions with fully dedicated teams. It also paves the way for immediate commercial synergies, strengthening cross-selling between the entities that have joined together.

The operation builds on Adonys Security’s solid trajectory and offers LeHibou a strategic opportunity to expand its development in France and the Benelux. This momentum allows the group to strengthen its cyber offering at a time when digital security is a major strategic challenge.

Maxim Ulmann, founder of Adonys Security, said : “It is with great pride that we join LeHibou, which has an impressive growth trajectory. We are retaining all of our teams while enhancing our resources and technology, which will allow us to continue growing and offer our clients even more efficient and integrated solutions.”

 

PAX Corporate Finance contacts :

Sébastien LELEU Partner

Jonathan RICHARD Manager

Erwan LAURANDEL Analyste

 

About PAX Corporate Finance

 

An independent investment bank, PAX Corporate Finance combines financial expertise and sector specialization, enabling it to effectively support SMEs and their leaders through the various stages of their development. Bringing together more than twenty-five professionals, including 8 partners, the firm has completed over 250 transactions since its founding in 2003.

 

About LeHibou

 

Launched in November 2015, LeHibou is an intermediation and services platform that connects IT freelancers who are experts in their fields (Project Management, Data, Interim Management, Cloud, Security…) with large companies. The platform brings together over 120,000 independent consultants and relies on a team of 100 employees spread across several offices in France (Paris, Bordeaux, Lyon, Nantes, Toulouse, Niort, and Marseille), in Mauritius, and, since late 2023, in Belgium and Luxembourg.

LeHibou expects revenue of 150 million euros in 2025 after 112 million in 2024. Leveraging the power of Artificial Intelligence and Big Data, LeHibou aims to transform the IT world and facilitate access to the best freelance consultants to make every new project easy to execute. An innovative approach allowing large groups to accelerate their digital transformation. The company, targeting 200 million euros in 2026, has been a French Tech 120 laureate since 2023 and a member of the Next40 since 2025. LeHibou is now the number one platform for connecting IT freelancers with large companies in France.

 

About Adonys Security

 

Adonys Security is a consulting and expertise firm in cybersecurity (GRC, penetration testing/red teaming, SOC, cloud security, IAM, protection of critical infrastructures), a subsidiary of the ADONYS Group. It mobilizes its experts to identify, assess, implement, and operate the most suitable defenses for securing its clients, in order to support companies across all dimensions of a security strategy and its operational implementation. With a turnover of 17 million euros achieved in 2025, it aims to reach 20 million euros in 2026.

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Consulting & Technology Services

PAX Corporate Finance is the leading investment bank in the consulting and technology services sector. For over 20 years, we have been supporting entrepreneurs in these industries with nearly one hundred successful transactions.
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