VEREINIGTE WIRTSCHAFTSDIENSTE VWD GROUP acquired by INFRONT
Context
Infront ASA agreed to acquire vwd Group from The Carlyle Group to create one of the largest financial technology and market data providers in Europe. The strategic rationale for the merger is the highly complementary nature of their product portfolios: Infront provides world-class "Front-Office" trading and real-time data solutions, while vwd contributes deep expertise in "Mid and Back-Office" functions, including portfolio management, regulatory compliance, and advisory tools. This integration allows the combined entity to offer a complete end-to-end platform for private wealth management and institutional investing. The deal strengthens Infront's footprint in Germany, Switzerland, and Austria (DACH region), while vwd customers gain access to advanced global trading capabilities.
VEREINIGTE WIRTSCHAFTSDIENSTE VWD GROUP, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (12.6x).
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
Established as a premier European provider of information and technology solutions, VWD GROUP is specialized in high-end software for the investment industry. It operates a modular technology platform that provides wealth management and investment professionals with data feeds, portfolio management, advisory tools, and regulatory calculation services. The company is a critical partner for European financial institutions, enabling regulatory-compliant decision-making and efficient distribution of financial information.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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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).