At what enterprise value was EDRUPT acquired in 2025?

During the acquisition of EDRUPT by LUMI GRUPPEN in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M NOK. 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 Retail & Consumer industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EDRUPT when it was acquired by LUMI GRUPPEN?

The estimated EV/EBITDA multiple for EDRUPT is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was EDRUPT acquired by LUMI GRUPPEN?

EDRUPT was acquired by LUMI GRUPPEN in 2025.

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

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

What was the EBITDA of EDRUPT during the acquisition?

EDRUPT's EBITDA is estimated to be in the range of 5M - 25M NOK. 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 EDRUPT 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 EDRUPT 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://live.euronext.com/en/products/equities/company-news/2025-12-23-lumi-gruppen-acquires-edrupt-expanding-ai-driven

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Home Database Retail & ConsumerEDRUPT

12/2025

EDRUPT acquired by LUMI GRUPPEN

NORWAY Education / EdTech & Content EV 100M - 350M NOK

Context

Lumi Gruppen acquired 100% of the shares in Edrupt Holding AS to accelerate its transition into an AI-based education technology provider. The transaction is structured with an upfront cash payment of NOK 71.7 million, with the remaining consideration based on earn-out and outperformance targets for the 2025/2026 and 2026/2027 academic years. The acquisition was financed through existing bank facilities. The strategic rationale centers on integrating the target's scalable AI tools across the buyer's existing portfolio, diversifying revenue streams, and capturing growth in the digital exam preparation market. This deal represents a step change for the buyer, shifting its business model toward more technology-led, high-margin educational services.

EDRUPT, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.9x).

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Target

Established in 2012 and formally incorporated in 2017, Edrupt is the developer of the EnkelEksamen digital platform. Based in Oslo, the company specializes in online video courses and AI-enhanced learning tools designed to help students prepare for exams efficiently. Since its inception, the platform has delivered over 250 digital courses. Initially focused on tertiary-level business students, the firm has successfully expanded into secondary education and various other academic subjects. The company is recognized for its high profitability and its scalable, tech-driven approach to student success, utilizing artificial intelligence to personalize and enhance the learning experience.

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2024

Similar deals in Education

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
02/2026	ECI PARTNERS	PARAGIN GROUP	NETHERLANDS	EdTech & Content
02/2026	SOFATUTOR	SCHOOLMOUV	FRANCE	EdTech & Content
11/2025	SWISS LIFE ASSET MANAGERS	EDUCARE	SPAIN	Education Providers
10/2025	CVC	INTERNATIONAL SCHOOLS PARTNERSHIP	UNITED KINGDOM	Education Providers
09/2025	DUKES EDUCATION	THAMES BRITISH SCHOOL	POLAND	Education Providers
05/2025	PEUGEOT INVEST	NOVETUDE SANTE	FRANCE	Education Providers
05/2025	AMUNDI PRIVATE EQUITY / ARKEA CAPITAL / BNP PARIBAS DEVELOPPEMENT	EDUSERVICES	FRANCE	Education Providers
12/2024	ANDERA PARTNERS	GROUPE IEF2I	FRANCE	Education Providers
10/2024	CINVEN	DOMIA GROUP	FRANCE	Education
10/2024	NEUBERGER BERMAN PRIVATE MARKETS / EQT PARTNERS / CPPIB (CANADA PENSION PLAN INVESTMENT BOARD)	NORD ANGLIA EDUCATION	UNITED KINGDOM	Education Providers

REFERENCES

Valuation range: EV 100M - 350M NOK

Revenue range: 25M - 50M NOK

EBITDA range: 5M - 25M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EDRUPT by LUMI GRUPPEN are reserved for mynth community members. Register for free to unlock full data.

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

Acquirer: lumi gruppen