At what enterprise value was 24ORE SOFTWARE acquired in 2014?

During the acquisition of 24ORE SOFTWARE by TEAMSYSTEM in 2014, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of 24ORE SOFTWARE when it was acquired by TEAMSYSTEM?

The exact EV/EBITDA multiple for 24ORE SOFTWARE is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was 24ORE SOFTWARE acquired by TEAMSYSTEM?

24ORE SOFTWARE was acquired by TEAMSYSTEM in 2014.

What was the revenue of 24ORE SOFTWARE at the time of the deal?

The revenue of 24ORE SOFTWARE at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the 24ORE SOFTWARE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the 24ORE SOFTWARE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://bebeez.it/societa-it/teamsystem/

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Home Database TMT (Tech, Media, Telecom)24ORE SOFTWARE

04/2014

24ORE SOFTWARE acquired by TEAMSYSTEM

ITALY Software / ERP, HR & Finance EV 100M - 350M EUR

Context

TeamSystem, a leading Italian management software provider backed by private equity sponsor HgCapital, has executed an agreement to acquire 24OreSoftware, the dedicated software division of publishing conglomerate Gruppo Sole 24 Ore. This corporate carve-out closely follows TeamSystem’s recent acquisition of IBM Italia's ACG division. The transaction was structured and overseen by TeamSystem's management committee, supported by a consortium of advisors including Vitale & Associati acting as global advisor, Gattai, Minoli & Partners providing legal counsel, New Deal Advisors handling financial advisory, and Pirola Pennuto Zei & Associati acting as tax advisors. For the acquirer, led by CEO Federico Leproux, the transaction is a core component of a broader M&A roadmap designed to consolidate the highly fragmented Italian business software market. By integrating 24OreSoftware, TeamSystem unlocks significant operational economies of scale while strategically broadening its existing product suite with specialized vertical modules tailored for construction technicians and tax assistance centers. The acquisition effectively deepens the group's software portfolio and cements its dominant market position as a premier technology provider for domestic corporate clients and professional firms.

24ORE SOFTWARE, which reported an EBITDA margin of LOGIN in 2013, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

24OreSoftware operates as the dedicated software division of the Italian publishing entity Gruppo Sole 24 Ore. The company specializes in the development and distribution of business-critical software solutions tailored for professionals, corporate businesses, technicians in the construction sector, and tax assistance centers. Operationally, the business maintains a strong domestic footprint with 15 locations spread across the national territory. Supported by a workforce of over 400 employees, the software provider serves a substantial and diversified active client base of 49,000 customers.

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08/2010	HG CAPITAL	TEAMSYSTEM	ITALY	Software	European sector-focused private equity firm HgCapital has reached a definitive agreement to acquire a majority controlling stake in Italian software provider TeamSystem SpA. The buyout is being executed on behalf of the sponsor's client base, which includes the listed investment vehicle HgCapital Trust plc
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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of 24ORE SOFTWARE by TEAMSYSTEM are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: teamsystem