APPLI-KEY
Acquired by
SANTIANE
APPLI-KEY acquired by SANTIANE
Context
The acquisition of Appli-Key by Santiane marks a strategic expansion of the latter's capabilities in the InsureTech sector, enabling the company to strengthen its market position and accelerate its growth. Through this transaction, Santiane aims to leverage Appli-Key's expertise in software development and digital solutions to enhance its own offerings and improve its operational efficiency. The deal is part of Santiane's broader strategy to diversify its business and expand its market footprint, driven by regulatory changes and evolving customer needs. By integrating Appli-Key's innovative solutions and talented team, Santiane seeks to create a leading player in the French insurance brokerage market, capable of delivering high-quality, tailored services to its clients. The acquisition is expected to generate significant synergies, driven by the combination of Santiane's industry expertise and Appli-Key's technological capabilities, and is financed through a combination of capital and debt raised from LGT Capital Partners and Tikehau.
APPLI-KEY, which reported an EBITDA margin of LOGIN in 2023, 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 (13.4x).
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
Appli-Key is a French InsureTech company specializing in the development of innovative software solutions for the insurance industry. Founded in 2007 and based in Reims, the company has established itself as a key player in the digital transformation of insurance professionals, including brokers, insurers, and mutual funds. Appli-Key's expertise lies in creating customized, web-based solutions that cater to the specific needs of its clients, leveraging its extensive experience in the insurance sector. The company's product portfolio includes Akisa, a module for online subscription of health and loan insurance products, Gabeliga, a claims management software for loan and insurance products, and Procento, a SaaS solution for managing insurance contracts. Through its consulting and training services, Appli-Key supports the digital transformation of its clients, providing tailored solutions, integration services, and expert advice to enhance their operational efficiency and customer experience.
Ent. Value
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with APPLI-KEY
REFERENCES
Revenue range: 0M - 5M EUR
EBITDA range: 0M - 5M EUR
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: appli-key
Acquirer: santiane