mynth
05/2018

NEOXAM acquired by CATHAY CAPITAL

FRANCE Software / Industry-Specific Software / Financial Services / Banking EV 100M - 350M EUR

Context

Cathay Capital and Bpifrance have entered into an agreement to acquire NeoXam from BlackFin Capital Partners, with the goal of supporting the company's next phase of growth. Following BlackFin's successful backing of NeoXam's creation and international expansion after its carve-out in 2014, the firm is now passing the torch to a new ownership structure comprising two investors who share the ambition of accelerating the financial software publisher's global growth. The transaction is driven by a desire to build on the expansion strategy implemented in recent years, as NeoXam benefits from favorable market trends related to the digitalization of financial institutions, increasing data volumes, and heightened regulatory requirements. The new investors aim to support the company's organic growth, bolster its research and development investments, and accelerate its commercial development in key international markets. The strategic rationale behind the transaction is rooted in the complementary nature of the new shareholders. Cathay Capital brings a global platform with a presence in Europe, North America, and Asia, offering privileged access to several priority markets for NeoXam, particularly the United States and the Asia-Pacific region. Meanwhile, Bpifrance contributes its expertise in supporting French technology companies in their international expansion, as well as its institutional network.

NEOXAM, which reported an EBITDA margin of LOGIN in 2018, 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.

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Target

NeoXam is a French financial software publisher specializing in data management, portfolio management, and transaction processing solutions for financial institutions. The company offers a comprehensive software suite that covers data management, asset management, regulatory reporting, transaction management, and back-office functions, enabling buy-side and sell-side firms to streamline their operational processes and meet increasingly complex regulatory requirements. Born out of the consolidation of several financial software assets, NeoXam has established itself as a leading international player in financial technologies. Its offering is built on integrated platforms that allow asset managers, banks, insurance companies, and other financial institutions to centralize, control, and leverage their data throughout the entire investment value chain.

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Historical Financials (EUR)

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Other operations with NEOXAM

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
11/2022EURAZEONEOXAMFRANCESoftware

Eurazeo, through its Small-Mid Buyout team, has entered into an agreement to invest over €100 million in NeoXam, becoming the majority shareholder alongside founder Serge Delpla and the management team led by Florent Fabre

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NEOXAM by CATHAY 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).

Target: neoxam

Acquirer: cathay capital