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04/2026

IDOX acquired by LONG PATH PARTNERS

UNITED KINGDOM Software / Industry-Specific Software EV £300–700M

Context

Long Path Partners has declared its all-cash offer for Idox plc unconditional, completing the acquisition process. The transaction involves the transfer of 100% of the share capital of the London-listed software business to the U.S.-based investment manager. The acquisition is a high-conviction investment aligned with Long Path Partners' strategy of backing high-quality, durable software businesses with mission-critical roles in their respective industries. Idox fits the firm's profile of a cash-generative, stable business providing essential regulatory software. By taking the company private, Long Path intends to support the management team in executing long-term value creation plans, leveraging Idox's established leadership in the UK public sector and regulatory space. This acquisition underscores the sustained institutional appetite for European vertical SaaS providers that demonstrate strong customer retention and dominance in specialized regulatory niches.

Previously, the company had pursued a consolidation strategy by acquiring Tascomi (2019) and Emapsite (2023).

IDOX, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

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

Target

Idox is a leading supplier of specialist information management software and digital solutions, primarily serving the public sector and asset-intensive industries. The organization’s business model is structured around providing mission-critical software that enhances operational efficiency for government bodies and private enterprises in sectors such as transport and energy. Its investment thesis is driven by a disciplined "buy-and-build" strategy, targeting accretive acquisitions that broaden its data capabilities and technical service offerings. The firm’s value proposition lies in its ability to manage complex regulatory data environments, helping clients achieve compliance and superior resource management. Strategically, the group prioritizes the expansion of its geospatial and land-use portfolio to create a holistic data ecosystem. By consolidating specialized software providers under its platform, the entity achieves significant scale and strengthens its competitive position in the information management market.

Ent. Value

£300–700M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2024
£50–100M
£5–25M
[members only]
2023
£50–100M
£5–25M
[members only]

Other operations with IDOX

Other operations with IDOX

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
08/2023IDOXEMAPSITEUNITED KINGDOMConstruction / Real Estate
08/2019IDOXTASCOMIUNITED KINGDOMConstruction / Real Estate

REFERENCES

Valuation range: EV £300–700M

Revenue range: £50–100M

EBITDA range: £5–25M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IDOX by LONG PATH PARTNERS 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.

Press release: view release

Target: idox

Acquirer: long path partners