At what enterprise value was REWARD GATEWAY acquired in 2023?

During the acquisition of REWARD GATEWAY by EDENRED in 2023, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b 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 TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of REWARD GATEWAY when it was acquired by EDENRED?

The estimated EV/EBITDA multiple for REWARD GATEWAY is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.5x. Join our community for free to access full valuation data and industry trends.

When was REWARD GATEWAY acquired by EDENRED?

REWARD GATEWAY was acquired by EDENRED in 2023.

What was the revenue of REWARD GATEWAY at the time of the deal?

The revenue of REWARD GATEWAY at the time of the deal is estimated to be in the range of 100M - 200M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of REWARD GATEWAY during the acquisition?

REWARD GATEWAY's EBITDA is estimated to be in the range of 50M - 100M EUR. Join our community for free to access complete and exact deal data.

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 REWARD GATEWAY 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 REWARD GATEWAY 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.cfnews.net/Les-alertes-de-CFNEWS/Edenred-s-engage-dans-l-implication-des-salaries-441903

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Home Database TMT (Tech, Media, Telecom)REWARD GATEWAY

05/2023

REWARD GATEWAY acquired by EDENRED

UNITED KINGDOM Software / ERP, HR & Finance EV 1b - 4b EUR

Context

Edenred acquired 100% of Reward Gateway. Strategically, this is a "platform expansion" play. Edenred aims to take Reward Gateway's proven technology (currently strong in the UK/Australia) and roll it out across its own massive footprint in continental Europe (France, Belgium, Germany, Italy, Spain, Romania). By integrating Reward Gateway, Edenred evolves from being a simple provider of "lunch money" to a holistic "Employee Experience" platform, offering a one-stop-shop for benefits, discounts, and corporate culture tools.

REWARD GATEWAY, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Reward Gateway operates as a high-fidelity SaaS platform specializing in employee engagement, recognition, and internal communications. The organization functions as a centralized digital hub that enables employers to drive productivity through automated rewards, employee discounts, and peer-to-peer recognition tools. Rather than offering fragmented HR services, the firm utilizes a unified technical operational depth to manage global employee benefits and wellbeing programs under a single interface. Its value proposition resides in its ability to foster corporate culture and mitigate turnover through data-driven engagement insights and real-time communication modules.

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 50M - 100M EUR

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

Target: reward gateway

Acquirer: edenred