N2F
Acquired by
FTV CAPITAL
N2F acquired by FTV CAPITAL
Target
N2F
Acquirer
FTV CAPITAL
Context
N2F completes a new funding round and capital reorganization led by the US-based growth equity firm FTV Capital. This operation marks the exit of the French fund Isai, which had backed the company since 2021. The investment aims to fuel N2F's international expansion, particularly in Europe and potentially North America, and to accelerate R&D to integrate more AI-driven features into its expense management platform.
The transaction values N2F at an EV/Revenue multiple of LOGIN.
This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.6x since the beginning of 2026, 4.1% decrease compared to 2025. 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
A leading European SaaS provider for business expense management. Founded in 2015, N2F offers a modern, mobile-first platform that automates the entire expense process (OCR, policy compliance, accounting integration). The solution is used by over 10,000 clients in 86 countries, ranging from SMEs to large international corporations.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with N2F
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.