JULIE OWANDY (JULIE SOFTWARE + OWANDY) acquired by ARSEUS
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.
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REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 10M - 30M 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.