At what enterprise value was CALASTONE acquired in 2020?

You can find the full valuation details of CALASTONE on mynth capital. 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 Financial Services industry currently tracks an average EBITDA multiple of 13.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CALASTONE when it was acquired by THE CARLYLE GROUP?

The exact EV/EBITDA multiple for CALASTONE is available on mynth capital. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.9x. Join our community for free to access full valuation data and industry trends.

When was CALASTONE acquired by THE CARLYLE GROUP?

CALASTONE was acquired by THE CARLYLE GROUP in 2020.

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

The revenue of CALASTONE at the time of the deal is estimated to be in the range of 25M - 50M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CALASTONE during the acquisition?

CALASTONE's EBITDA is estimated to be in the range of 5M - 25M GBP. 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 CALASTONE 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 CALASTONE 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.calastone.com/news/the-carlyle-group-to-acquire-calastone/

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Home Database Financial ServicesCALASTONE

10/2020

CALASTONE acquired by THE CARLYLE GROUP

UNITED KINGDOM Fintech & Payments REV 25M - 50M GBP

Context

The Carlyle Group acquired a majority stake in Calastone from Accel and Octopus Ventures. The deal followed a competitive auction process involving other bidders like Nordic Capital. The strategic rationale was to transform a highly successful, VC-backed fintech into a global institutional-grade market utility. Carlyle aimed to leverage the company's "sticky" recurring revenue (85% from mutual fund routing) and its first-mover advantage in blockchain-based fund infrastructure to drive global scale.

CALASTONE, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (13.9x).

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 Financial Services market trends

Target

Calastone is the largest global funds network, serving as a digital marketplace for trading and settling investment funds. It leverages blockchain technology and distributed ledger technology (DLT) to automate traditionally manual processes such as order routing, settlement, and transaction reporting.

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Other operations with CALASTONE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2025	SS&C TECHNOLOGIES	CALASTONE	UNITED KINGDOM	Fintech & Payments	SS&C Technologies acquired Calastone from Carlyle. Upon completion, Calastone's team of 250 employees was integrated into SS&C's Global Investor & Distribution Solutions (GIDS) division. The strategic rationale is to combine Calastone's network with SS&C's fund administration and AI automation capabilities to create a more connected, automated global fund ecosystem.

REFERENCES

Revenue range: 25M - 50M GBP

EBITDA range: 5M - 25M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CALASTONE by THE CARLYLE GROUP 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: the carlyle group