What did Madison Dearborn Partners pay for Benefytt Technologies Inc.?

Madison Dearborn Partners acquired Benefytt Technologies Inc. for $669.3M in 2020 (9.6x EBITDA), equivalent to 2.90x revenue. Target revenue was approximately $229.0M. Target EBITDA was approximately $70.0M.

What does Benefytt Technologies Inc. do?

Benefytt Technologies Inc. is a healthcare it business.

What multiple did Madison Dearborn Partners pay for Benefytt Technologies Inc.?

9.6x EBITDA and 2.90x revenue, based on disclosed deal value of $669.3M and disclosed financials.

M&A TRANSACTION · 2020

Benefytt Technologies Inc. acquired by Madison Dearborn Partners

$669.3M· 9.6x EBITDA· 2.90x revenue

Target

Benefytt Technologies Inc.

Acquirer

Madison Dearborn Partners

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$229.0M

EBITDA

$70.0M

Deal Value

$669.3M

EV/EBITDA

9.6x

Context

This $669.3M acquisition of Benefytt Technologies Inc. by Madison Dearborn Partners sits in the healthcare it sub-vertical. The 9.6x EBITDA multiple paid in 2020 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Madison Dearborn Partners is acquiring as a private equity buyer; see how PE acquirers typically price healthcare it businesses on our Healthcare It PE buyer-pool page.

Source

Data sourced from Press releases and fairness opinions. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). Benefytt Technologies Inc. acquired by Madison Dearborn Partners. https://exitvalue.ai/deals/benefytt-technologies-inc-acquired-by-madison-dearborn-partners-hc-2020-0125