XCEPTOR acquired by ASTORG
Context
Astorg acquired a majority stake in Xceptor from CBPE Capital. The transaction was highly competitive, with Astorg prevailing over other top-tier sponsors (including Hg and Nordic Capital) with an all-equity bid. For the seller, CBPE, this exit is delivering a 10.8x Money Multiple and an 89% IRR after a four-year hold. Management reinvested significantly alongside Astorg to drive the next phase of growth, which focuses on US expansion and AI integration.
XCEPTOR, which reported an EBITDA margin of [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of Above 20x, a level significantly higher than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Founded in 2003, Xceptor is a London-based software provider specializing in "no-code" process automation for the financial industry. Its platform acts as a "data hub" that ingests messy, unstructured data (like PDFs, emails, and Excel spreadsheets) from various sources and standardizes it for downstream banking systems. It is critical for complex back-office functions such as trade confirmation, tax reclaims, and collateral management.
Ent. Value
£300–700M
Equity Value
[members only]
Multiples
EV / Revenue
Above 6x
EV / EBITDA
Above 20x
EV / EBIT
Above 20x
Historical Financials (GBP)
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REFERENCES
Valuation range: EV £300–700M
Revenue range: £10–30M
EBITDA range: £5–25M
EV/Revenue range: Above 6x
EV/EBITDA range: Above 20x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of XCEPTOR by ASTORG 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.
Acquirer: astorg