LBO France & Andera Partners take majority stake in Prenax Group

SWEDEN Facility Management / BPO & Outsourcing REV €250–500M

Context

LBO France acquired a majority stake in Prenax concomitantly with Prenax's acquisition of LM Information's subscription management activities and its US subsidiary LM Inc. The combined entity — with a total business volume of approximately €250 million — becomes the independent European leader in information subscription procurement, serving large corporates, public institutions, and academic clients across France, the United States, the United Kingdom, Australia, and the Nordic countries. Andera Partners reinvested alongside LBO France through its ActoMezz III fund, having been a minority shareholder for three years prior.

Prenax Group, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Business Services sector (10.6x in 2020).

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Target

Prenax Group is the independent European leader in outsourced subscription management services, providing companies with comprehensive management of their professional information subscriptions — covering periodicals, journals, databases, and other recurring information services — on behalf of corporate and institutional clients. The group was built into its current scale through an active buy-and-build strategy.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with Prenax Group

Other operations with Prenax Group
Date	Acquirer	Target	Country	Sector
06/2025	TRITON PARTNERS	PRENAX GROUP	SWEDEN	BPO & Outsourcing
11/2020	PRENAX GROUP	LM INFORMATION	FINLAND	BPO & Outsourcing

Other operations with LBO France / Andera Partners

Other operations with LBO France / Andera Partners
Date	Acquirer	Target	Country	Sector
03/2025	LBO FRANCE	HEMODIA	FRANCE	Medical Devices
12/2021	LBO FRANCE	ALLIANCE MARINE	FRANCE	Sport
03/2020	LBO FRANCE	DUTSCHER	FRANCE	Medical Consumables
03/2019	LBO FRANCE	INFODIS	FRANCE	Consulting & Integration
03/2019	LBO FRANCE	GROUPE PASSMAN	FRANCE	IT Equipment
12/2017	LBO FRANCE	CROUZET	FRANCE	Sensors & Optics
04/2015	LBO FRANCE	IKKS GROUP	FRANCE	Fashion & Apparel
10/2010	LBO FRANCE	MATERNE-MONTBLANC (MOM GROUP)	FRANCE	Food Products
06/2005	LBO FRANCE	ACTARIS	FRANCE	Instrumentation & Measurement
09/2003	LBO FRANCE	MATERIS	LUXEMBOURG	Construction Materials

Similar deals in Facility Management

Similar deals in Facility Management
Date	Acquirer	Target	Country	Sector
12/2020	HORIZON CAPITAL	TOP SOURCE WORLDWIDE	UNITED KINGDOM	BPO & Outsourcing
12/2020	HORIZON CAPITAL	PEO WORLDWIDE	UNITED KINGDOM	BPO & Outsourcing
11/2020	PRENAX GROUP	LM INFORMATION	FINLAND	BPO & Outsourcing
10/2020	ACOLAD	AMPLEXOR	LUXEMBOURG	Document Management
09/2020	PHOENIX EQUITY PARTNERS	SPY ALARMS	UNITED KINGDOM	Security & Guarding
06/2020	HLD	TSG (TECHNICAL SERVICES GROUP)	FRANCE	Electrical
02/2020	ARGOS WITYU	SICURA	ITALY	Security & Guarding
01/2020	COMPASS GROUP	FAZER FOOD SERVICES	FINLAND	Contract Catering & FM Food
09/2019	MBO+	PINSON PAYSAGES	FRANCE	Landscaping
08/2019	QUALIUM	ACOLAD	FRANCE	Document Management

REFERENCES

Revenue range: REV €250–500M

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: andera partners / lbo france

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Prenax Group, a Swedish company specialised in BPO & Outsourcing, by LBO France and Andera Partners in 2020, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Triton Partners in June 2025 (see the dedicated deal page for details).

What was Prenax Group’s revenue at the time of the deal?

At the time of the transaction, Prenax Group’s annual revenue was estimated within the €250–500M range (FY 2020). Detailed financial figures are available to members.

How does the valuation of Prenax Group compare to benchmarks in the Business Services sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 10.6x EBITDA during 2020.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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