mynth
07/2016

DEDALUS acquired by ARDIAN

ITALY Software / Industry-Specific Software / Healthcare REV 100M - 200M EUR

Context

Ardian signed an agreement to acquire approximately 60% of Dedalus Holding from Mandarin Capital Partners, Hutton Collins Partners, and Health Holding Company. The founder reinvested to retain a 40% stake and continued to lead the group as CEO and Chairman to ensure management continuity. The transaction was strategically timed following Dedalus's acquisition of a majority stake in NoemaLife, a listed competitor. The partnership with Ardian is designed to provide the financial resources and international network necessary to drive a large-scale consolidation process in the European healthcare IT market. The strategic focus under Ardian's ownership centers on scaling the business across 25 countries, increasing R&D investments for clinical innovation, and optimizing service delivery models.

DEDALUS, which reported an EBITDA margin of LOGIN in 2016, 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 (14.8x).

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

Founded in 1982, Dedalus is a leading global provider of healthcare software solutions. The company specializes in clinical and diagnostic systems, hospital information systems, and administrative software for both public and private healthcare facilities. Following its merger with NoemaLife, it became the leading clinical software player in Italy and one of the largest in Europe.

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2016
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REFERENCES

Revenue range: 100M - 200M EUR

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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

Acquirer: ardian