mynth
03/2021

XCEPTOR acquired by ASTORG

UNITED KINGDOM Software / Industry-Specific Software / Financial Services / Banking EV 300M - 700M GBP

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 in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

-> 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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2021
2020

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REFERENCES

Valuation range: EV 300M - 700M GBP

Revenue range: 10M - 30M GBP

EBITDA range: 5M - 25M GBP

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