At what enterprise value was VP SECURITIES acquired in 2020?

During the acquisition of VP SECURITIES by EURONEXT in 2020, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

What was the EV/EBITDA of VP SECURITIES when it was acquired by EURONEXT?

The estimated EV/EBITDA multiple for VP SECURITIES is in the range of 5x - 12x.

When was VP SECURITIES acquired by EURONEXT?

VP SECURITIES was acquired by EURONEXT in 2020.

What was the revenue of VP SECURITIES at the time of the deal?

The revenue of VP SECURITIES at the time of the deal is estimated to be in the range of 50M - 100M EUR.

What was the EBITDA of VP SECURITIES during the acquisition?

VP SECURITIES's EBITDA is estimated to be in the range of 5M - 25M EUR.

How is the data for the VP SECURITIES 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 VP SECURITIES 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.euronext.com/en/about/media/euronext-press-releases/euronext-completes-acquisition-vp-securities

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08/2020

VP SECURITIES acquired by EURONEXT

DENMARK Fintech & Payments EV 100M - 350M EUR

Context

Euronext completed the acquisition of 100% of VP Securities, further consolidating its position as a leading CSD operator in Europe. This transaction followed Euronext’s "Nordic" expansion strategy, initiated with the takeovers of Oslo Børs VPS (2019) and Nord Pool (2020). By integrating VP Securities, Euronext scaled its Post-Trade division to represent 23% of its 2019 pro-forma revenue, significantly diversifying its income away from volatile trading volumes. The deal created a combined CSD network managing €2.2 trillion in assets under custody and 31 million annual settlement instructions. The acquisition was supported by over 90% of shareholders, triggering a compulsory acquisition for the remaining shares.

VP SECURITIES, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.5x).

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Target

VP Securities is the national Central Securities Depository of Denmark. It provides vital financial infrastructure services, including the issuance, registration, and settlement of securities, alongside the management of investor accounts. As a CSD, it acts as the backbone of the Danish capital market, ensuring the integrity and safety of financial transactions. At the time of acquisition, it managed millions of settlement instructions annually and held a significant volume of assets under custody for Danish and international investors.

Ent. Value

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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 VP SECURITIES by EURONEXT 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.