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IDOX

Acquired by

LONG PATH PARTNERS

UNITED KINGDOM Software / Industry-Specific Software 04/2026

Target

IDOX

Acquirer

LONG PATH PARTNERS

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.

IDOX, which reported an EBITDA margin of LOGIN in 2024, 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 (13.8x).

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

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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (GBP)

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EBITDA
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2024
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2023
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Other operations with IDOX

DateAcquirerTargetCountrySectorDeal Context
08/2023IDOXEMAPSITEUNITED KINGDOMSoftware

Idox has finalized the acquisition of Emapsite to significantly bolster its geographic information systems (GIS) and geospatial data capabilities. This transaction represents a pivotal step in the group’s overarching data strategy, aiming to provide a more comprehensive suite of spatial intelligence tools to its existing client base in the public and asset-intensive sectors. The integration of the Farnborough-based specialist follows a series of previous acquisitions in the geospatial space, including Aligned Assets and thinkWhere, effectively creating a high-scale geospatial line of business that now accounts for a substantial portion of the group's total pro-forma revenue. The strategic rationale focuses on the high degree of complementarity between the two organizations' data service models. By combining specialized GIS data provision with industrial software solutions, the group creates robust cross-selling opportunities across the land, property, and public protection segments. Furthermore, the acquisition enhances the group's ability to serve high-growth verticals such as telecommunications and construction, where spatial data is essential for network planning and site development. This move consolidates the group's position as a primary technical partner for geospatial information management in the UK market.

08/2019IDOXTASCOMIUNITED KINGDOMSoftware

On August 12, 2019, Idox plc executed a 100% acquisition of Tascomi Ltd. The transaction was structured on a cash-free, debt-free basis, financed via an accelerated bookbuild placing of new ordinary shares to raise net proceeds of approximately seven million pounds. The structural framework of the deal included an immediate cash consideration, the extinguishment of all existing debt facilities within the acquired entity, and a deferred performance-linked component to be settled post-completion. This strategic rationale is underpinned by a compelling industrial logic, enabling the acquirer to materially accelerate its cloud-first strategy and seamlessly integrate a native SaaS architecture into its existing product portfolio. By absorbing a modern, proven platform, the acquiring entity effectively circumvents substantial and lengthy internal redevelopment costs while establishing a next-generation suite of solutions tailored for core public sector markets. Furthermore, the combination generates significant cross-selling opportunities and provides a highly scalable foundation to capture adjacent software verticals. The operational synergies expected from replacing legacy systems with this newly integrated technology will drive immediate margin expansion and bolster the combined entity's annualised recurring revenue base.

REFERENCES

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