DAREN TECHNOLOGY acquired by CIMG
Context
CIMG, through its subsidiary DZR, signed an agreement to acquire 100% of Daren Technology for approximately $40M in stock. The transaction features a highly structured Phased Payment consideration (6%, 14%, 28%, and 52%) released over 3.5 years. This earn-out structure is strictly tied to Daren achieving aggressive audited revenue targets, starting at $29M in 2026 and scaling to $257M by September 2029. This structure ensures alignment between the acquisition cost and the realized growth of the target's biopharmaceutical activities.
DAREN TECHNOLOGY, which reported an EBITDA margin of in 2026, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.6x).
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Target
Daren Technology is a specialized firm in the biopharmaceutical sector, focused on technological innovation and model integration within the drug development value chain. It serves as a new growth engine for diversified Corporate groups looking to enter high-growth life sciences markets.
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REFERENCES
Valuation range: EV 20M - 50M USD
Revenue range: 10M - 30M USD
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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.