INLOG acquired by GENII SOFTWARE GROUP
Context
Private equity firm Abenex, alongside the management team, has successfully completed the divestiture of healthcare software publisher Inlog to Munich-based GENII Software Group. Orchestrated by investment bank Lincoln International, the transaction marks the exit of Abenex following a successful transformation period. The acquirer, GENII Software Group, is majority-backed by private equity sponsor Bregal Unternehmerkapital, with additional support from Elvaston. For the acquirer GENII Software Group, the buyout significantly strengthens its Laboratories division and consolidates its position as a leading European provider of specialized enterprise software. During Abenex's ownership tenure, Inlog doubled its revenues, completed three strategic acquisitions, and expanded its footprint into Germany and the Benelux region. Partnering with GENII will provide Inlog with the necessary scale and resources to accelerate international revenue growth and drive product innovation, particularly focusing on AI and cloud-based technologies.
It is worth noting that the fund Abenex took control of Inlog through an LBO in 2020.
INLOG, 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 (14.7x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Inlog is a software editor for the healthcare sector, specializing in blood product traceability and laboratory management. Founded after its spin-off from the American Haemonetics Corporation, Inlog has structured its teams and now has 80 employees worldwide. The company opened a subsidiary in Germany in 2022 and generates nearly 20% of its revenue internationally. Inlog offers innovative solutions for healthcare systems and has made several acquisitions, including the French companies Ubilab and Viskali, as well as the Belgian company Moonchase.
Ent. Value
€50–150M
Equity Value
[members only]
Multiples
EV / Revenue
4x–10x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with INLOG
Other operations with INLOG
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2020 | ABENEX | INLOG | FRANCE | Healthcare |
Similar deals in Software
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2025 | GRIFFIN GAMING PARTNERS | PLAYDIGIOUS | FRANCE | Gaming & Consumer Apps |
| 10/2025 | INITIATIVE & FINANCE | YMAG | FRANCE | Industry-Specific Software |
| 09/2025 | THE CARLYLE GROUP / BPIFRANCE | CIRIL GROUP | FRANCE | Industry-Specific Software |
| 09/2025 | HEDOSOPHIA | VIBE | UNITED STATES | AdTech |
| 09/2025 | KEENSIGHT CAPITAL | DECISION FOCUS | DENMARK | Financial Services / Banking |
| 08/2025 | ADVENT INTERNATIONAL | SAPIENS INTERNATIONAL CORPORATION | UNITED STATES | Financial Services / Banking |
| 08/2025 | DATASITE | SOURCESCRUB | UNITED STATES | Data, Analytics & AI |
| 08/2025 | THOMA BRAVO | VERINT SYSTEMS | UNITED STATES | CRM & Sales |
| 08/2025 | HAWK INFINITY SOFTWARE | NYTT FORETAK | Norway | Industry-Specific Software |
| 07/2025 | BLACKSTONE | NetBrain Technologies | UNITED STATES | Data, Analytics & AI |
REFERENCES
Valuation range: EV €50–150M
Revenue range: €5–25M
EBITDA range: €5–25M
EV/Revenue range: 4x - 10x
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 INLOG by GENII SOFTWARE GROUP 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.
Target: inlog
Acquirer: genii software group