At what enterprise value was ALAN acquired in 2026?

During the acquisition of ALAN by PROSUS / DARA HOLDINGS in 2026, 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 3b - 100b 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 Financial Services industry currently tracks an average EBITDA multiple of 13.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ALAN when it was acquired by PROSUS / DARA HOLDINGS?

The exact EV/EBITDA multiple for ALAN is available on mynth capital. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 13.1x. Join our community for free to access full valuation data and industry trends.

When was ALAN acquired by PROSUS / DARA HOLDINGS?

ALAN was acquired by PROSUS / DARA HOLDINGS in 2026.

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

The revenue of ALAN at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 ALAN 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 ALAN 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://alan.com/fr-fr/blog/tout-alan/a/alan-leve-480-millions-deuros-pour-faire-de-la-prevention-le-nouveau-standard-mondial-de-la-sante

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Home Database Financial ServicesALAN

06/2026

PROSUS & DARA HOLDINGS invest in ALAN

FRANCE Insurance EV 3b - 100b EUR

Context

Alan has completed a new €480 million funding round with Dutch group Prosus, which is joining the company's capital structure, and existing investors Teachers' Venture Growth and Index Ventures. UK-based family office Dara Holdings is also participating in the round as a new shareholder. A portion of the funds raised came from secondary transactions, allowing certain existing shareholders to sell a fraction of their shares. This transaction represents the largest funding round in Alan's history, coming just weeks after a previous €100 million financing. The primary objective of this funding round is to accelerate the company's international growth strategy and bolster its technological investments. The raised capital will be used to support the geographic expansion of the platform through the opening of new markets beyond its current footprint. Alan also plans to continue developing its digital health and prevention solutions, with a particular focus on integrating artificial intelligence into its offerings. The company aims to enhance the capabilities of its AI-powered medical assistant, enrich its personalized support services, and improve the automation of operational processes. Furthermore, the transaction provides Alan with strategic support from Prosus, a renowned international investor with expertise in large-scale technology platforms.

Previously, Alan had been acquired in an LBO by Index Ventures in 2026.

ALAN, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Financial Services sector (13.1x).

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

Founded in 2016, Alan is a leading European health-tech "neobank" for insurance, providing digital-first health coverage for employees and freelancers. The company's business model transitions from a traditional insurer to a comprehensive "health partner," integrating insurance with primary care services, mental health support, and virtual clinics. Its value proposition is centered on extreme transparency, a seamless user interface, and rapid claims reimbursement. Strategically, Alan targets SMEs, large corporations, and public sector institutions (such as the French Ministry of Economy). By combining insurance regulated capital with a high-growth SaaS-like delivery model, the company aims to own the entire health journey of its users across France, Belgium, and Spain.

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Other operations with ALAN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
03/2026	INDEX VENTURES	ALAN	FRANCE	Insurance	Alan has successfully closed a €100 million Series G funding round, propelling its post-money valuation to €5 billion. The round was led by existing investor Index Ventures, with participation from Belfius Bank and several new high-profile entrants, including GreenOaks, Kaaf Investments, and prominent individual investors such as Shopify founder Tobi Lükte and footballer Antoine Griezmann

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 450M - 900M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALAN by PROSUS / DARA HOLDINGS 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: alan

Acquirer: prosus / dara holdings