At what enterprise value was NAMIRIAL acquired in 2025?

During the acquisition of NAMIRIAL by BAIN CAPITAL in 2025, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. 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 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NAMIRIAL when it was acquired by BAIN CAPITAL?

The estimated EV/EBITDA multiple for NAMIRIAL is in the range of Above 20x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was NAMIRIAL acquired by BAIN CAPITAL?

NAMIRIAL was acquired by BAIN CAPITAL in 2025.

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

The revenue of NAMIRIAL at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NAMIRIAL during the acquisition?

NAMIRIAL's EBITDA is estimated to be in the range of 25M - 50M EUR. 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 NAMIRIAL 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 NAMIRIAL 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.baincapital.com/news/bain-capital-acquire-namirial

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Home Database TMT (Tech, Media, Telecom)NAMIRIAL

03/2025

NAMIRIAL acquired by BAIN CAPITAL

ITALY Software / Industry-Specific Software EV 1b - 4b EUR

Context

The acquisition of a controlling stake in Namirial represents a significant capital deployment by Bain to capitalize on the secular growth of the Digital Transaction Management market. This transaction sees the exit of the previous financial sponsor, marking the conclusion of a successful five-year holding period characterized by international expansion and extensive M&A activity. The investment thesis focuses on leveraging the existing market leadership in DTM and high-assurance digital services to accelerate further cross-border growth and product innovation. By partnering with the existing management team, the new sponsor aims to support the company’s strategic objective of becoming a global industry champion, reinforcing its presence in highly regulated sectors where compliance and security are paramount. The deal includes significant reinvestment from the founder and key leadership, ensuring strong alignment on the future growth trajectory. Market participants view this transaction as a benchmark for high-quality, tech-enabled business services, signaling sustained investor appetite for European software platforms with established regulatory moats and strong cash flow visibility.

It is worth noting that the fund Ambienta took control of Namirial through an LBO in 2020.

NAMIRIAL, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

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 TMT (Tech, Media, Telecom) market trends

Target

Namirial is a global leader in Digital Transaction Management (DTM) solutions, providing a comprehensive suite of services that encompasses digital identity verification, electronic signatures, and qualified trust services. Headquartered in Italy, the company serves as a critical infrastructure provider for enterprises and financial institutions, enabling them to digitize workflows while maintaining the highest levels of regulatory compliance and data security. The firm’s business model is built upon a portfolio of SaaS applications that integrate seamlessly into complex corporate IT environments, offering secure, legally binding digital transaction capabilities. Through a combination of organic growth and strategic bolt-on acquisitions, Namirial has expanded its footprint across European markets, continuously diversifying its offerings to include RegTech and compliance-related software. Its strategy emphasizes the consolidation of specialized niche players to enhance its proprietary technology stack and cross-sell its core digital trust solutions to a broader customer base.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2026	NAMIRIAL	FUTURE TECHNOLOGY LEAD	ITALY		Namirial has finalized the acquisition of 100% of the share capital of Future Technology Lead (FTL), marking a significant strategic move to bolster its specialized vertical for professional entities. This transaction represents a classic bolt-on strategy, where the acquirer leverages its existing technical infrastructure and capital backing to scale a high-potential, niche-focused asset
05/2020	AMBIENTA	NAMIRIAL	ITALY	Software	Ambienta has acquired 70% of Namirial. The strategic rationale for the deal centers on capitalizing on the accelerating secular trend toward digital transformation in highly regulated industries. By acquiring a controlling interest, the sponsor aims to leverage the target’s market-leading position in Digital Transaction Management (DTM) to drive further international expansion and broaden the product portfolio

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NAMIRIAL by BAIN CAPITAL 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: namirial

Acquirer: bain capital