reply
by a searcher
2w ago
from Harvard University
in Milan, Metropolitan City of Milan, Italy
Here in Europe, I've seen multiples for business of that size in the high single-digit, although they might be in contraction given AI impact on SW. I would not count on multiple rerating.
reply
by an intermediary
2w ago
from The University of Chicago
in Chicago, IL, USA
Agree with many inputs. A light asset, high margin deal like this often has high equity and high rollover. Example: P=$70 M consisted of $20 M debt, plus $30 M buyer Equity plus $20 M roll-over equity. Seller owning 40% going forward.