XCEPTOR
Acquired by
ASTORG
XCEPTOR acquired by ASTORG
Target
XCEPTOR
Acquirer
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 LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN higher than the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.
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
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
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with XCEPTOR
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