At what enterprise value was MIMECAST acquired in 2022?

You can find the full valuation details of MIMECAST on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MIMECAST when it was acquired by PERMIRA?

The exact EV/EBITDA multiple for MIMECAST is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was MIMECAST acquired by PERMIRA?

MIMECAST was acquired by PERMIRA in 2022.

What was the revenue of MIMECAST at the time of the deal?

The revenue of MIMECAST at the time of the deal is estimated to be in the range of 250M - 500M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MIMECAST during the acquisition?

MIMECAST's EBITDA is estimated to be in the range of 50M - 100M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MIMECAST acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MIMECAST deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.permira.com/news-and-insights/announcements/mimecast-to-become-a-private-company-through-transaction-with-permira-valued-at-approximately-58-billion

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Home Database TMT (Tech, Media, Telecom)MIMECAST

05/2022

MIMECAST acquired by PERMIRA

UNITED STATES IT Services / Consulting & Integration / Cybersecurity Services REV 250M - 500M USD

Context

Mimecast Limited has been acquired by funds advised by Permira, completing the transaction in May 2022 after receipt of all required regulatory approvals and affirmative shareholder votes. The acquisition concluded a process that began with a definitive agreement in December 2021, when a special committee of Mimecast’s board conducted a structured review of alternative proposals before recommending the sale. The transaction was executed as an all‑cash purchase of every outstanding ordinary share, leading to the immediate cessation of Mimecast’s public trading and its conversion to a privately held entity. Permira’s investment thesis focuses on amplifying the scale of Mimecast’s cloud‑based security platform and exploiting the firm’s recurring‑revenue structure to achieve accelerated growth. The private‑equity sponsor plans to apply its expertise in scaling technology companies to extend Mimecast’s product roadmap, incorporating deeper machine‑learning driven threat intelligence and expanding protection across additional collaboration applications. Leveraging Permira’s global network, the buyer intends to deepen market penetration in geographic segments where Mimecast’s footprint is currently modest and to identify strategic add‑on acquisitions that reinforce the email security and data resilience portfolio. Following the closing, Mimecast is expected to receive expanded capital for research and development, facilitating a faster cadence of feature releases and the integration of advanced ransomware and impersonation defenses. The partnership will also enable a refinement of the go‑to‑market model, including the scaling of direct sales forces, the enlargement of the reseller and system‑integrator channel base, and the pursuit of larger enterprise contracts. These operational enhancements are projected to increase customer retention, lift subscription renewal rates, and broaden the company’s positioning as a comprehensive cyber‑resilience provider across email, cloud collaboration, and data protection services.

MIMECAST, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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.

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Target

Mimecast Limited develops and delivers cloud‑based email security, data protection, and resilience solutions for enterprise customers. The company’s platform integrates threat protection, archiving, continuity, and information governance into a single service accessed via a multi‑tenant architecture. Products include email filtering, impersonation detection, ransomware defense, secure messaging, and backup for Microsoft 365 and Google Workspace. Clients span financial services, health care, government, and technology sectors, with contracts typically structured as annual subscriptions billed per user. Revenue is generated through recurring subscription fees and professional services for implementation and training. Founded in 2003 in the United Kingdom, Mimecast expanded globally with regional offices in North America, Europe, Asia‑Pacific and the Middle East, supporting a customer base of more than 6,500 organizations. The firm operates a partner network of resellers and system integrators that extend market reach and provide localized support. Technical architecture relies on data centers located in multiple jurisdictions to ensure low latency and compliance with data residency requirements. Research and development centers focus on machine‑learning models that analyze billions of email events daily to identify emerging threats. The company reports a workforce of approximately 2,000 employees, including engineers, sales professionals, and support staff, organized across product, engineering, and customer success functions.

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2022

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REFERENCES

Revenue range: 250M - 500M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MIMECAST by PERMIRA are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: mimecast

Acquirer: permira