mynth
09/2024

EDL acquired by DENTRESSANGLE

FRANCE Software / Industry-Specific Software / Healthcare EV 100M - 350M EUR

Context

DENTRESSANGLE Capital acquired a majority stake in EDL from the private equity firm Abenex. This transaction was carried out at a high valuation multiple, reflecting EDL's exceptional profitability (50% EBITDA margin) and dominant market position. The management team reinvested significantly alongside DENTRESSANGLE. The strategic rationale for this "LBO bis" is to accelerate EDL's European footprint through targeted build-up acquisitions and to enhance its technological lead by further integrating AI into the Xplore suite. This transaction marks a successful exit for Abenex, which had supported the group since 2021, overseeing its expansion into the DACH region and Belgium.

Previously, Edl had been acquired in an LBO by Abenex in 2021.

EDL, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

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

EDL is a leading European software publisher specialized in medical imaging and diagnostic services. The company's flagship product, the Xplore software suite, provides public and private healthcare institutions with a full-web, integrated solution designed to optimize the operation of medical imaging platforms. EDL s solutions are highly regarded for their technical robustness, ergonomics, and functional depth, covering everything from appointment scheduling to billing and teleradiology.

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Historical Financials (EUR)

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2023
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Other operations with EDL

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
05/2021ABENEXEDLFRANCESoftware

Abenex acquired a majority stake in EDL from its founders. This primary LBO aimed to professionalize the group's governance, provide it with the financial resources necessary to implement a buy-and-build strategy, and finally to transform the company from its position as a leader in France into a major European platform

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EDL by DENTRESSANGLE 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: dentressangle