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05/2023MajorityLBO

Towerbrook takes majority stake in Infopro Digital

FRANCE Media & Internet / Content & Publishing / Digital Press EV €1–10bn

Context

This transaction represents a renewed leveraged buyout where the incumbent private equity majority shareholder reinvests through its latest flagship fund to maintain absolute corporate control. The operation is executed in seamless alignment with the founding executive and the broader management team, who remain deeply involved in the capital structure. This strategic capital reorganization provides renewed stability and enhanced financial capabilities without altering the existing governance. The primary rationale underpinning this renewed partnership is to aggressively accelerate the company's geographic expansion through a balanced combination of robust organic growth and targeted external acquisitions.

In the past, the company underwent an LBO led by Towerbrook in 2016, and continued an active consolidation strategy by notably acquiring Ebp (2016).

Infopro Digital, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, standing directly in line with the average observed in the TMT (Tech, Media, Telecom) sector (15.3x in 2023).

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

Target

Infopro Digital is a leading business-to-business information and technology group catering to specialized professional communities across multiple key economic sectors, including construction, automotive, and insurance. The company pioneers digital transformation by offering a comprehensive suite of solutions that seamlessly combine proprietary data, specialized software, digital productivity tools, and targeted marketing platforms. Operating with a massive international footprint across numerous countries, the enterprise generates approximately half of its activity outside its domestic market. Driven by an experienced leadership team, the group is perfectly positioned to leverage its extensive sectoral expertise to empower corporate decision-makers globally.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2022
€450–900M
€100–200M
[members only]
2021
€450–900M
€100–200M
[members only]

Other operations with Infopro Digital

Other operations with Infopro Digital
DateAcquirerTargetCountrySector
06/2016INFOPRO DIGITALEBPBELGIUMConstruction / Real Estate
02/2016TOWERBROOKINFOPRO DIGITALFRANCEDigital Press

Other operations with Towerbrook

Other operations with Towerbrook
DateAcquirerTargetCountrySector
03/2026TOWERBROOKID UNLIMITEDFRANCEOther Sports
03/2026TOWERBROOKEISNERAMPERUNITED STATESAccounting & Audit
01/2026TOWERBROOKMSA MIZARITALYInsurance
09/2025TOWERBROOKRYDGE CONSEILFRANCEAccounting & Audit
08/2025TOWERBROOKAMYLU FOODSUNITED STATESBakery / Pastry
10/2024TOWERBROOKECITNORWAYAccounting & Audit
07/2024TOWERBROOKIDAK FOOD GROUPSWITZERLANDFood Products
06/2023TOWERBROOK / BANIJAY GROUPTHE INDEPENDENTSFRANCEDigital Marketing, SEO, SEA, Data Analytics
01/2022TOWERBROOKEISNERAMPERUNITED STATESAccounting & Audit
10/2021TOWERBROOKGROUPE BRUNEAUFRANCEOffice Supplies & Furniture

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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €450–900M

EBITDA range: €100–200M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Infopro Digital by Towerbrook 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.

Acquirer: towerbrook

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Infopro Digital, a French company specialised in Content & Publishing, by Towerbrook in 2023, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in February 2016, when the company was acquired by Towerbrook.

How was the acquisition of Infopro Digital by Towerbrook valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

What were Infopro Digital’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Infopro Digital generated annual revenue estimated in the €450–900M range and EBITDA in the €100–200M bracket (FY 2022). Detailed financial figures are available to members.

How does the valuation of Infopro Digital compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated multiple range of 10x - 18x, the transaction stands directly in line with historical averages for the TMT (Tech, Media, Telecom) sector (15.3x in 2023).

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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