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 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).
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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.
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Historical Financials (GBP)
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REFERENCES
Valuation range: EV 300M - 700M GBP
Revenue range: 10M - 30M GBP
EBITDA range: 5M - 25M GBP
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: astorg