At what enterprise value was CAPMAN PROCUREMENT SERVICES (CAPS) acquired in 2024?

During the acquisition of CAPMAN PROCUREMENT SERVICES (CAPS) by PROXER BIDCO in 2024, the transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR.

What was the EV/EBITDA of CAPMAN PROCUREMENT SERVICES (CAPS) when it was acquired by PROXER BIDCO?

The estimated EV/EBITDA multiple for CAPMAN PROCUREMENT SERVICES (CAPS) is in the range of 10x - 18x.

What was the revenue of CAPMAN PROCUREMENT SERVICES (CAPS) at the time of the deal?

The revenue of CAPMAN PROCUREMENT SERVICES (CAPS) at the time of the deal is estimated to be in the range of 5M - 25M EUR.

What was the EBITDA of CAPMAN PROCUREMENT SERVICES (CAPS) during the acquisition?

CAPMAN PROCUREMENT SERVICES (CAPS)'s EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the CAPMAN PROCUREMENT SERVICES (CAPS) 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 CAPMAN PROCUREMENT SERVICES (CAPS) 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.gpbullhound.com/articles/gp-bullhound-advised-capman-in-the-eur-75-million-divestment-of-caps/

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Home Database Business ServicesCAPMAN PROCUREMENT SERVICES (CAPS)

10/2024

CAPMAN PROCUREMENT SERVICES (CAPS) acquired by PROXER BIDCO

FINLAND Professional Services / Consulting & Audit / Strategy & Management EV 50M - 150M EUR

Context

CapMan has completed the divestment of its majority stake (92.7%) in CaPS to Proxer Bidco Oy. This transaction represents a strategic carve-out, allowing the seller to refocus its resources and capital on its core private asset fund management business. Originally an internal service unit, the target had evolved into a largely standalone business with limited operational links to the rest of the group, making the divestment a natural progression for its next growth phase. The sale significantly enhances the seller’s financial position, providing strong liquidity and a positive impact on 2024 earnings. Following the closing, the target will operate under a new ownership structure designed to facilitate further expansion across the Nordics and beyond, while continuing to serve its extensive network of members and vendors.

CAPMAN PROCUREMENT SERVICES (CAPS), which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

CaPS is a unique, fast-growing procurement service platform originally established as an internal service for portfolio companies but transitioned into a standalone market leader. Its business model centers on aggregating the purchasing power of a vast network to deliver cost savings and value-added services. The platform connects over 280 member companies with more than 290 vendors across Finland, Sweden, and the Baltics. By leveraging centralized procurement expertise and a robust network effect, CaPS manages indirect spend categories, enabling members to achieve significant scale advantages typically reserved for much larger corporations. The platform’s value proposition is built on transparency, efficiency, and a proven ability to institutionalize procurement processes across a highly diverse international member base.

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 5M - 25M EUR

EBITDA range: 5M - 25M EUR

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