mynth
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 LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Healthcare & Pharma sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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).

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2024
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2023
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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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: hublo

Acquirer: five arrows