mynth
01/2018

RGI GROUP acquired by CORSAIR CAPITAL

ITALY Software / Industry-Specific Software / Financial Services / Banking EV 100M - 350M EUR

Context

Corsair Capital has agreed to acquire RGI Group from Ardian Expansion, the company founder and the management team. Under Ardian's ownership (2014-2018), RGI transformed from a domestic Italian player into a European leader through the strategic acquisition of Kapia Solutions in France and organic growth. Corsair Capital intends to leverage its deep network in the global financial services industry to further accelerate RGI's international expansion and product development.

RGI GROUP, which reported an EBITDA margin of in 2017, 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).

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Target

Headquartered in Italy, RGI is a leading provider of core software systems and digital services for the insurance industry in the EMEA region. Its PASS_Insurance suite covers the entire insurance value chain (policy administration, claims, sales, distribution). At the time of the deal, RGI served over 100 insurance companies and brokers across Italy, France, DACH, and Benelux. The company had successfully integrated Kapia Solutions (France) in 2016.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
2016

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of RGI GROUP by CORSAIR CAPITAL 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: rgi group

Acquirer: corsair capital