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04/2008

JULIE OWANDY (JULIE SOFTWARE + OWANDY) acquired by ARSEUS

FRANCE Software / Industry-Specific Software / Healthcare EV 10M - 30M EUR

Context

Arseus acquired 100% of Julie Owandy. The seller was the French private equity firm Initiative & Finance, which had supported the company's growth. This acquisition allowed Arseus to vertically integrate by owning the proprietary technology (software and sensors) rather than just distributing third-party products. The deal strengthened Arseus's position in France and added high-margin technology products to its European catalog.

JULIE OWANDY (JULIE SOFTWARE + OWANDY), which reported an EBITDA margin of in 2008, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.7x).

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Target

Julie Owandy is a leading French player in dental technology. It operates through two complementary divisions: management software ("Julie"), which equips a vast majority of French dental practices for patient records and billing, and digital imaging hardware ("Owandy"), which designs and manufactures intraoral sensors and panoramic X-ray units. At the time of the deal, the company was the market leader in France and exported its imaging solutions to over 50 countries.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2008
2007

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2014HG CAPITAL / KKR / CINVENVISMA GROUPNORWAYERP, HR & Finance
04/2014TEAMSYSTEM24ORE SOFTWAREITALYERP, HR & Finance
11/2012SIEMENSINVENSYS RAILUNITED KINGDOMIndustry-Specific Software
04/2011THE CARLYLE GROUPMETROLOGIC GROUPFRANCESupply Chain & Ops
11/2010IK PARTNERSOPTIMIZELY (EX EPISERVER)UNITED STATESMarTech
09/2010KKRVISMA GROUPNORWAYERP, HR & Finance
08/2010HG CAPITALTEAMSYSTEMITALYERP, HR & Finance
03/2010HG CAPITALLUMESSE EX STEPSTONE SOLUTIONSGERMANYERP, HR & Finance
05/2006HG CAPITALVISMA GROUPNORWAYERP, HR & Finance
12/2004BAIN CAPITALTEAMSYSTEMITALYERP, HR & Finance

REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of JULIE OWANDY (JULIE SOFTWARE + OWANDY) by ARSEUS 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.