Symphony Technology Group (STG) takes majority stake in Gresham Technologies

UNITED KINGDOM Software / Industry-Specific Software / Financial Services / Banking EV £100–350M

Context

STG Partners, through its acquisition vehicle Alliance Bidco, acquired Gresham Technologies. This transaction is a public-to-private corporate acquisition executed via a court-approved scheme of arrangement following a recommended cash offer announced in April 2024. The strategic rationale driving this consolidation is to formally combine Gresham with its existing portfolio company, Alveo, to create a global leader in enterprise data management and governance for the capital markets technology ecosystem. Houlihan Lokey served as the exclusive financial advisor to Gresham.

Gresham Technologies, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average observed in the TMT (Tech, Media, Telecom) sector (16.1x in 2024).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Gresham Technologies is a prominent software provider specializing in real-time solutions for data integrity and control, banking integration, payments, and cash management. Headquartered in London and formerly listed on the public stock exchange, the enterprise caters extensively to the financial technology sector. By offering robust data governance and post-trade processing capabilities, the firm has established itself as a critical technological partner for major capital market participants worldwide.

Ent. Value

£100–350M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

Above 20x

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2023

2022

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REFERENCES

Valuation range: EV £100–350M

Revenue range: £25–50M

EBITDA range: £5–25M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Gresham Technologies by Symphony Technology Group (STG) 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.

Target: gresham technologies

Acquirer: symphony technology group (stg)

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Gresham Technologies, a British company specialised in Industry-Specific Software, by Symphony Technology Group in 2024.

How was the acquisition of Gresham Technologies by Symphony Technology Group valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the £100–350M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Gresham Technologies’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Gresham Technologies generated annual revenue estimated in the £25–50M range and EBITDA in the £5–25M bracket (FY 2023). Detailed financial figures are available to members.

How does the valuation of Gresham Technologies compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated multiple range of 10x - 18x, the transaction stands directly in line with historical averages for the TMT (Tech, Media, Telecom) sector (16.1x in 2024).

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

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