LM INFORMATION
Acquired by
PRENAX GROUP
LM INFORMATION acquired by PRENAX GROUP
Target
LM INFORMATION
Acquirer
PRENAX GROUP
Context
Prenax acquired LM Information's subscription management activities and its US subsidiary LM Inc. in a transaction executed simultaneously with LBO France's majority investment in Prenax. The acquisition is transformative in nature, combining two highly complementary businesses — Prenax's strong corporate client base and Western European footprint with LM Information's deep academic and public sector expertise and presence across Northern and Central Europe — to create the independent European leader in information subscription procurement. The two entities present strong geographic complementarity particularly in Spain, Belgium, and the Netherlands, with significant synergies expected from the combination.
LM INFORMATION, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.3x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Business Services market trends
Target
LM Information is a Finnish business process outsourcing company specialising in the management of information subscriptions — covering press, journals, and databases — for corporate, public sector, and academic clients. The fourth largest European player in its sector, LM Information operates in approximately ten countries with a particularly strong footprint among academic and public sector institutions, and to a lesser extent among private companies. The business presents strong geographic coverage across Northern and Central Europe, with notable presence in Spain, Belgium, and the Netherlands. LM Information also operates a US subsidiary, LM Inc., providing it with a North American presence alongside its core European operations.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples Analysis
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Other operations with LM INFORMATION
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).