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10/2025Minority

Sesa Group invests in Albasoft

ITALY Software / ERP, HR & Finance EV €0–15M

Context

Var Group, a subsidiary of Sesa, has completed the acquisition of a 20% stake in Albasoft, establishing put and call option mechanisms designed to facilitate the gradual acquisition of the entire share capital. This business combination is a strategic initiative under the Sesa 2026–27 industrial plan, designed to enhance the group's presence in the Digital Platforms and Vertical Applications segment. By integrating the target's specialized software for corporate treasury and financial flow optimization, the acquirer aims to create an integrated application scenario that bridges the gap between ERP systems and banking platforms. The strategic rationale is driven by the growing necessity for process standardization, automation, and real-time financial monitoring amidst rising interest rates and regulatory demands.

The acquisition of Albasoft is part of the growth strategy of Sesa Group, which already has several external growth operations under its belt, notably Visicon in 2025.

Albasoft, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Albasoft S.r.l. is a specialized software developer based in Padua, Italy, dedicated to optimizing corporate financial and treasury management. The company’s solutions provide a critical interface between existing ERP systems and remote banking platforms, enabling real-time monitoring and automation of complex financial flows. By offering tools that bridge the gap between operational financial activities and banking execution, the firm addresses the increasing market demand for process standardization, robust internal controls, and data centralization. Its specialized software suite facilitates the automated reconciliation of financial transactions, providing treasurers and financial controllers with enhanced visibility and operational efficiency. Through its focus on digitalization and financial automation, the company helps organizations mitigate the operational risks associated with IT system fragmentation and regulatory compliance.

Ent. Value

€0–15M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€0–5M
€0–5M
[members only]
2023
€0–5M
€0–5M
[members only]

Other operations with Sesa Group

Other operations with Sesa Group
DateAcquirerTargetCountrySector
11/2025SESA GROUP4IT SOLUTIONSSWITZERLANDMSP (Managed Services)
06/2025SESA GROUPVISICONGERMANYERP, HR & Finance
05/2025SESA GROUPDELTA TECNOLOGÍAS DE INFORMACIÓNSPAINCybersecurity Services
03/2025SESA GROUPINNOFOURNETHERLANDSConsulting & Integration
10/2024SESA GROUPSMART ENGINEERINGGERMANYEngineering & Design Software
12/2022SESA GROUPCYRES CONSULTINGGERMANYCybersecurity Services

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10/2025AGILA CAPITALADIKTEEVFRANCEAdTech
10/2025TEAMSYSTEMSELLSYFRANCECRM & Sales
10/2025DOCTRINEPREDICTICEFRANCEIndustry-Specific Software
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10/2025GROUPE LACOURPROGERITALYAutomotive
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09/2025GENII SOFTWARE GROUPINLOGFRANCEHealthcare

REFERENCES

Valuation range: EV €0–15M

Revenue range: €0–5M

EBITDA range: €0–5M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 5x - 12x

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: sesa group

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Albasoft, an Italian company specialised in ERP, HR & Finance, by Sesa Group in 2025.

How was the acquisition of Albasoft by Sesa Group valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €0–15M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Albasoft’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Albasoft generated annual revenue estimated in the €0–5M range and EBITDA in the €0–5M bracket (FY 2024). Detailed financial figures are available to members.

How does the valuation of Albasoft compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

The estimated multiple of 5x - 12x sits below the sector median of 14.8x recorded in 2025, indicating an attractive entry multiple for Sesa Group or reflecting specific complexities. The descriptive comparison is based on 15 transactions with available EV/EBITDA multiples from differences in size, growth, profitability that may affect comparability.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

What is mynth?

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