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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (12.8x).

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