At what enterprise value was GRESHAM TECHNOLOGIES acquired in 2024?

During the acquisition of GRESHAM TECHNOLOGIES by SYMPHONY TECHNOLOGY GROUP (STG) in 2024, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M GBP.

What was the EV/EBITDA of GRESHAM TECHNOLOGIES when it was acquired by SYMPHONY TECHNOLOGY GROUP (STG)?

The estimated EV/EBITDA multiple for GRESHAM TECHNOLOGIES is in the range of 10x - 18x.

What was the revenue of GRESHAM TECHNOLOGIES at the time of the deal?

The revenue of GRESHAM TECHNOLOGIES at the time of the deal is estimated to be in the range of 25M - 50M GBP.

What was the EBITDA of GRESHAM TECHNOLOGIES during the acquisition?

GRESHAM TECHNOLOGIES's EBITDA is estimated to be in the range of 5M - 25M GBP.

How is the data for the GRESHAM TECHNOLOGIES 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 GRESHAM TECHNOLOGIES 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://hl.com/about-us/transactions/gresham-technologies-alveo-stg/

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Home Database TMT (Tech, Media, Telecom)GRESHAM TECHNOLOGIES

07/2024

GRESHAM TECHNOLOGIES acquired by SYMPHONY TECHNOLOGY GROUP (STG)

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

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 in 2023, 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 (15.3x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2023

2022

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REFERENCES

Valuation range: EV 100M - 350M GBP

Revenue range: 25M - 50M GBP

EBITDA range: 5M - 25M GBP

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)