INETUM acquired by BAIN CAPITAL
Context
Bain Capital entered into exclusive negotiations to acquire Inetum from the Qatari group Mannai Corporation. The transaction valued the group at approximately EUR2.27 Billion. The goal of this LBO is to accelerate Inetum's international expansion and support its buy-and-build strategy to become a leading player in the European IT services market.
INETUM, which reported an EBITDA margin of in 2021, 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 (14.5x).
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Target
A major European IT services company (ESN) providing digital services and software. Inetum helps companies and governments with digital transformation, cloud integration, cybersecurity, and software solutions. It operates a strong "Time to Market" strategy for large corporate accounts.
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|---|---|---|---|---|
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| 07/2021 | TRITON PARTNERS | SWISS IT SECURITY GROUP (SITS) | SWITZERLAND | Cybersecurity Services |
| 07/2021 | AXCEL | PRODATA CONSULT | DENMARK | Consulting & Integration |
REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 1b - 3b EUR
EBITDA range: 150M - 250M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: bain capital