EFRONT
Acquired by
BRIDGEPOINT
EFRONT acquired by BRIDGEPOINT
Context
Bridgepoint has acquired a majority stake in eFront from Francisco Partners, a technology-focused private equity firm, in a secondary buy-out valued at €300 million. Bridgepoint emerged as the winner in a competitive auction process managed by Barclays Capital, outbidding several major private equity firms including Permira, Astorg, TPG Capital, and Silver Lake. This transaction follows eFront's successful private-to-public-to-private journey, having listed on Alternext Paris in 2006 before being taken private by Francisco Partners in 2011. The acquisition is supported by a significant debt package totaling approximately €110 million, provided by a syndicate including Babson Capital, ING, HSBC, and Bank of Ireland. The strategic rationale focuses on scaling eFront's vertically integrated software platform to meet the growing demand for transparency and sophisticated reporting in the global private equity and real estate sectors.
EFRONT, which reported an EBITDA margin of LOGIN in 2014, 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 (13.3x).
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 1999, eFront is a leading global provider of specialized software solutions for the financial services industry, with a primary focus on alternative investments and enterprise risk management. The company’s comprehensive product suite covers the entire investment lifecycle, including front-office tools (CRM, fundraising, pipeline monitoring), middle-office solutions (portfolio monitoring, investor portals), and back-office functions (fund administration and accounting). eFront serves over 700 institutional customers and 100,000 users across 40 countries, including major private equity firms, real estate investors, banks, and insurance companies. Its business model relies on high-value software subscriptions fueled by the increasing regulatory burden and the institutionalization of alternative asset classes.
Ent. Value
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Historical Financials (EUR)
Other operations with EFRONT
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 05/2019 | BLACKROCK | EFRONT | FRANCE | Software | Founded in 1999, eFront is a leading global provider of specialized software solutions for the financial services industry, with a primary focus on alternative investments and enterprise risk management. The company’s comprehensive product suite covers the entire investment lifecycle, including front-office tools (CRM, fundraising, pipeline monitoring), middle-office solutions (portfolio monitoring, investor portals), and back-office functions (fund administration and accounting). eFront serves over 700 institutional customers and 100,000 users across 40 countries, including major private equity firms, real estate investors, banks, and insurance companies. Its business model relies on high-value software subscriptions fueled by the increasing regulatory burden and the institutionalization of alternative asset classes. |
REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M EUR
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: efront
Acquirer: bridgepoint