EG acquired by FRANCISCO PARTNERS
Context
Francisco Partners announced the completion of its acquisition of EG, concluding a process that had been disclosed publicly in June 2026. EG is a Danish‑based provider of enterprise software and digital services with a client portfolio spanning manufacturing, utilities and financial services. The target has been operating for over two decades, delivering a suite of modular applications that support core operational processes, data analytics and cloud migration initiatives. The transaction was executed under standard merger‑control approvals and reflects a continuation of Francisco Partners’ disciplined approach to expanding its technology‑focused investment platform in Europe. From the buyer’s perspective, the acquisition aligns with Francisco Partners’ strategic imperative to deepen its footprint in the Nordics and to augment its existing portfolio of software and infrastructure assets with a company that possesses both deep domain expertise and a scalable recurring‑revenue model. EG’s established relationships with large‑scale industrial enterprises provide a conduit for cross‑selling complementary solutions held by other portfolio companies, while its engineering talent pool enhances the firm’s capacity to accelerate product innovation. The logic of integration is predicated on leveraging synergies in go‑to‑market execution, consolidating back‑office functions and exploiting economies of scale in cloud hosting and data‑center services. The integration plan anticipates the preservation of EG’s senior management team to ensure continuity of client engagements and to safeguard the proprietary knowledge embedded in its development pipelines. Post‑close, Francisco Partners intends to allocate capital to accelerate EG’s roadmap for artificial‑intelligence‑enabled modules, broaden its geographic coverage beyond the Danish market and standardize its delivery methodology across the broader portfolio. Operationally, the combined entity is expected to realize incremental cost efficiencies through shared services, while simultaneously generating revenue uplift by offering an expanded, end‑to‑end technology stack to existing and prospective customers.
EG, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
EG is one of Scandinavia’s leading vertical software providers, specialising in industry-specific solutions designed to address the operational needs of public and private sector organisations. Headquartered in Copenhagen, the company supports more than 20,000 customers through mission-critical software platforms that help organisations improve productivity, automate workflows and manage their daily operations more efficiently. With operations across Scandinavia and Poland, EG develops tailored software solutions for a broad range of industries, including healthcare, construction, energy, utilities, retail, property management, transportation, logistics and legal technology. The company’s approach is based on building software alongside industry professionals, ensuring that its solutions are closely aligned with the specific requirements and challenges of each sector. EG’s platforms enable organisations to streamline processes, reduce administrative complexity and make better-informed decisions through specialised digital tools. The company is increasingly integrating advanced technologies, including artificial intelligence, directly into its software solutions to automate tasks, enhance user experiences and improve operational efficiency.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (DKK)
Similar deals in Software
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 08/2019 | IDOX | TASCOMI | UNITED KINGDOM | Construction / Real Estate |
| 07/2019 | MBO+ | SEQUOIASOFT | FRANCE | Travel & Hospitality |
| 06/2019 | ELISA CORPORATION | POLYSTAR | SWEDEN | Data, Analytics & AI |
| 06/2019 | TAGMASTER | SENSYS NETWORKS | UNITED STATES | Industry-Specific Software |
| 05/2019 | BLACKROCK | EFRONT | FRANCE | Financial Services / Banking |
| 05/2019 | BRIDGESTONE CORPORATION | TOMTOM TELEMATICS | NETHERLANDS | Data, Analytics & AI |
| 03/2019 | THERADIAL | GROUPE THÉMA | FRANCE | Healthcare |
| 02/2019 | ASTORG | Anaqua | UNITED STATES | Industry-Specific Software |
| 12/2018 | FIVE ARROWS | HARVEST | FRANCE | Financial Services / Banking |
| 11/2018 | BMAX | MAXIFIER | NORWAY | AdTech |
REFERENCES
Valuation range: EV 3b - 100b DKK
Revenue range: 1b - 3b DKK
EBITDA range: 250M - 500M DKK
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EG by FRANCISCO PARTNERS 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.
Press release: view release
Target: eg
Acquirer: francisco partners