At what enterprise value was HUBLO acquired in 2025?

During the acquisition of HUBLO by FIVE ARROWS in 2025, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

When was HUBLO acquired by FIVE ARROWS?

HUBLO was acquired by FIVE ARROWS in 2025.

What was the revenue of HUBLO at the time of the deal?

The revenue of HUBLO at the time of the deal is estimated to be in the range of 25M - 50M EUR.

How is the data for the HUBLO 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 HUBLO 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://capitalfinance.lesechos.fr/deals/lbo/five-arrows-arrive-chez-hublo-2172178

What is the average EV/EBITDA multiple for the Healthcare & Pharma sector in 2026?

The average EV/EBITDA multiple for the Healthcare & Pharma sector in 2026 is 14.3x.

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Home Database Healthcare & PharmaHUBLO

05/2025

HUBLO acquired by FIVE ARROWS

FRANCE Healthcare Services / Health Tech EV 100M - 350M EUR

Context

Hublo enters a new phase of its development by welcoming Five Arrows as its new lead shareholder. This transaction marks a transition from Venture Capital to Private Equity (Primary LBO). The entry of Five Arrows aims to provide Hublo with the strategic and financial resources to consolidate its leadership in France and accelerate its expansion in Europe, particularly in Germany and Northern Europe. The partnership will focus on product innovation (AI integration for planning) and potential strategic acquisitions to build a comprehensive HR platform for the healthcare sector.

HUBLO, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (14.3x).

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Target

A leading European digital platform for healthcare workforce management. Hublo helps hospitals, nursing homes, and clinics manage their internal and external staff replacements efficiently. By automating the recruitment and mobilization process of temporary workers and internal pools, it addresses the critical shortage of healthcare professionals. It serves over 3,500 facilities and 800,000 healthcare professionals in Europe (France and Germany).

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Healthcare Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2025	ASKER HEALTHCARE GROUP	FINMED GROUP	FRANCE	Hospital Logistics
10/2025	EVOLEM	APPERTON	FRANCE	Sterilization & Hygiene
04/2025	TRANSCARENT	ACCOLADE	UNITED STATES	Health Tech
04/2025	KERSIA	NEOGEN (ANIMAL BIOSECURITY DIVISION)	UNITED STATES	Sterilization & Hygiene
10/2024	Fullscript	Rupa Health	UNITED STATES	Health Tech
07/2024	ARDIAN	MASCO GROUP	ITALY	Healthcare Services
06/2024	PERMIRA	PHARMACORD	UNITED STATES	Health Tech
05/2024	21 INVEST / OAKLEY CAPITAL INVESTMENTS	PRODUCT LIFE	FRANCE	Healthcare Services
10/2023	MOTION EQUITY PARTNERS	BANOOK	FRANCE	CRO / Clinical Trials
09/2023	PERMIRA	ERGOMED	UNITED KINGDOM	CRO / Clinical Trials

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HUBLO by FIVE ARROWS 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: hublo

Acquirer: five arrows