At what enterprise value was LYTX acquired in 2020?

You can find the full valuation details of LYTX on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. 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 LYTX when it was acquired by PERMIRA?

The exact EV/EBITDA multiple for LYTX 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 LYTX acquired by PERMIRA?

LYTX was acquired by PERMIRA in 2020.

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 LYTX 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 LYTX 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/permira-funds-complete-investment-in-lytx

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Home Database TMT (Tech, Media, Telecom)LYTX

02/2020

PERMIRA takes majority stake in LYTX

UNITED STATES Software EV 1b - 4b USD

Context

Lytx has been acquired by Permira through a majority‑stake transaction completed in February 2020. The acquisition was executed by a vehicle funded by Permira alongside co‑investors CPP Investments, GIC, HarbourVest Partners and PSP Investments. The deal follows a multi‑year partnership between Lytx’s management and the investors, culminating in a change of control that places the company under a private‑equity ownership structure. Permira’s rationale centers on scaling Lytx’s video‑telematics platform within the broader $30 trillion transportation ecosystem. The firm intends to leverage its technology‑focused expertise and global network to accelerate product development, pursue strategic add‑on acquisitions and extend the company’s presence in Europe and Asia‑Pacific. By aligning capital resources with Lytx’s AI‑driven data assets, Permira aims to deepen market penetration among commercial fleets and enhance cross‑selling opportunities with existing portfolio companies in logistics and automotive sectors. Post‑closing, Lytx is expected to integrate additional AI models, expand its hardware distribution channels and increase subscription uptake across new geographic markets. The partnership with Permira is projected to facilitate operational efficiencies through shared services, data‑science capabilities and bulk procurement, potentially improving margin profiles. Anticipated outcomes include higher claim‑reduction adoption rates, broader data‑set growth and reinforced positioning as a primary supplier of safety and efficiency solutions for fleet operators worldwide.

LYTX, 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 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

Lytx is a technology company that develops and supplies video telematics systems for commercial, public‑sector and field‑service vehicle fleets. Its flagship offering combines forward‑facing dash‑camera video capture with machine‑vision and artificial‑intelligence analytics that generate real‑time safety alerts, driver‑behavior scores and post‑event incident reviews. The platform stores and processes more than 120 billion miles of roadway data, which feed proprietary AI models that detect distracted driving, hard braking, seat‑belt compliance and other high‑risk actions. Clients include transportation carriers, utilities, construction contractors, municipal agencies and delivery operators that integrate Lytx data into fleet‑management software to reduce claim costs, improve driver coaching and optimize routing efficiency. Revenue is derived from a subscription‑based model that charges per vehicle for hardware, cloud storage and analytics services, supplemented by professional‑services fees for implementation and training. The company was founded in 2004, expanded its R&D operations in California, and maintains sales offices across North America, Europe and the Asia‑Pacific region. Recent product releases added four new AI‑driven safety triggers aimed at mitigating distracted driving. Lytx holds an estimated 60 % share of the video telematics market in the United States and continues to extend its data set through partnerships with OEMs and insurance carriers.

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REFERENCES

Valuation range: EV 1b - 4b USD

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

Acquirer: permira