At what enterprise value was LUTECH acquired in 2021?

During the acquisition of LUTECH by APAX PARTNERS in 2021, 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 300M - 700M 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 14.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of LUTECH when it was acquired by APAX PARTNERS?

The estimated EV/EBITDA multiple for LUTECH is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.3x. Join our community for free to access full valuation data and industry trends.

When was LUTECH acquired by APAX PARTNERS?

LUTECH was acquired by APAX PARTNERS in 2021.

What was the revenue of LUTECH at the time of the deal?

The revenue of LUTECH at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of LUTECH during the acquisition?

LUTECH's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

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 LUTECH 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 LUTECH 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://www.apax.com/news-views/funds-advised-by-apax-to-acquire-lutech/

← DATABASE

Home Database TMT (Tech, Media, Telecom)LUTECH

03/2021

APAX PARTNERS takes majority stake in LUTECH

ITALY IT Services / Consulting & Integration EV 300M - 700M EUR

Context

Apax Funds has entered into an agreement to acquire a majority stake in Lutech from One Equity Partners. Lutech is a leading Italian IT services and technology company focused on enabling digital transformation for both public and private sector clients. Founded in 2001, the group provides an integrated portfolio of services including digital strategy, proprietary software development, system integration and managed services. Lutech supports customers in modernizing their IT infrastructure and deploying advanced digital solutions across complex enterprise environments. The company operates across a broad range of technology domains, including cloud computing, cybersecurity, big data, IoT, financial services solutions, e-health and digital customer engagement. This diversified offering allows Lutech to address complex, large-scale digital transformation requirements. Lutech has pursued a strong acquisition-led growth strategy, completing multiple add-on acquisitions to strengthen capabilities and expand its geographic and sector footprint. The group serves thousands of clients across several European markets through its specialized business units. Following the transaction, Apax aims to accelerate both organic and inorganic growth, further expanding Lutech’s digital services offering and strengthening its technological capabilities across core markets.

LUTECH, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

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.

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

Target

Lutech is a leading Italian IT services and digital transformation group founded in 2001. The company designs and delivers end-to-end technology solutions enabling enterprises and public-sector clients to accelerate their digital evolution. Its offering spans digital strategy, proprietary software, system integration, cloud services, cybersecurity, data analytics, IoT, financial services solutions and e-health applications. Over the years, Lutech has built a strong position as a full-service ICT provider combining consulting, software development and managed services. The group operates through multiple divisions, including LutechTechnology, LutechDigital and LutechProducts, allowing it to address a wide range of enterprise needs across the digital value chain. Lutech has pursued an active buy-and-build strategy, completing numerous acquisitions to expand its technological capabilities and sector expertise. This strategy has strengthened its position as a key partner for large-scale digital transformation programs.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Similar deals in TMT (Tech, Media, Telecom)

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
05/2021	IK PARTNERS	TRUESEC GROUP	SWEDEN	IT Services	The IK IX Fund has successfully finalized the acquisition of a majority stake in the share capital of the target from its previous institutional owner, alongside a significant reinvestment from the founding management team
05/2021	EURAZEO / SAGARD	I-TRACING	FRANCE	IT Services	Eurazeo and Sagard NewGen are acquiring a 51% controlling interest in I-TRACING from Keensight Capital. The transaction was structured as a secondary LBO following a restricted competitive process that deliberately focused on financial sponsors rather than industrial buyers
02/2021	ADISTA	WAYCOM	FRANCE	IT Services	Adista signed a definitive agreement to acquire 100% of its peer Waycom. This transformative operation, supported by majority shareholder Equistone, allowed Adista to solidify its position as the premier alternative French B2B operator, second only to the three historical national carriers
02/2021	ARDIAN	JAKALA	ITALY	IT Services	Ardian increased its investment in Jakala by acquiring a 60% majority stake, transitioning from its initial minority position held since 2018. The founder retained a 25% stake through Jakala Holding, while several historical institutional investors and the senior management team reinvested alongside Ardian
10/2020	ANDERA PARTNERS	GROUPE ARTEMYS	FRANCE	IT Services	Andera Partners acquired a significant minority stake in Artemys, partnering with the founder Laurent Taieb and his key associates (Boris Gunther, Eric Porte). This "Primary OBO" allowed the founders to realize some patrimonial value (cash-out) while retaining majority control to drive the company's future
10/2020	MONTEFIORE INVESTMENT	GROUPE OPEN	FRANCE	IT Services	Groupe Open announces the signing of an exclusive negotiation agreement between the founders and Montefiore Investment, with a view to concluding an investment agreement to launch a mandatory public tender offer for Groupe Open shares
07/2020	HIG CAPITAL	PROJECT INFORMATICA	ITALY	IT Services	HIG Europe has acquired a majority stake in the Italian IT services provider Project Informatica from its founder. The strategic rationale for the transaction is to support the company’s next phase of development within the rapidly evolving Italian technological landscape
07/2020	KKR	DEVOTEAM	FRANCE	IT Services	The founders of Devoteam have partnered with the global financial sponsor KKR to launch a tender offer aimed at taking the organization private. This strategic restructuring is designed to transition the entity from a public listing to a private ownership model, providing the founders with reinforced legal and operational control
05/2020	KBR	CENTAURI	UNITED STATES	IT Services	The acquisition of Centauri by KBR Inc. is a strategic move to expand KBR's capabilities in the cybersecurity and space domains. The deal is expected to create a leader in end-to-end military, intelligence, and commercial space solutions, and to drive growth and innovation in the industry
02/2020	BAIN CAPITAL	ENGINEERING INGEGNERIA INFORMATICA	ITALY	IT Services	Bain Capital has announced the signing of a definitive agreement to acquire a majority stake in Engineering from Apax Partners and NB Renaissance, in a secondary leveraged buyout (LBO) transaction. The deal marks the complete exit of Apax Partners, a long-standing shareholder, while NB Renaissance has chosen to reinvest in the company through new investment vehicles, demonstrating its commitment to supporting Engineering's next phase of growth

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA 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 LUTECH by APAX PARTNERS 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).

Press release: view release

Target: lutech

Acquirer: apax partners