PRENAX GROUP acquired by LBO FRANCE & ANDERA PARTNERS
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 in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.5x).
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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
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
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 |
REFERENCES
Revenue range: 250M - 500M EUR
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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