What did Baring Private Equity Asia pay for CitiusTech?

Baring Private Equity Asia acquired CitiusTech for $1.00B in 2019 (17.4x EBITDA), equivalent to 5.70x revenue. Target revenue was approximately $175.0M. Target EBITDA was approximately $57.5M.

What does CitiusTech do?

CitiusTech is a healthcare it business.

What multiple did Baring Private Equity Asia pay for CitiusTech?

17.4x EBITDA and 5.70x revenue, based on disclosed deal value of $1.00B and disclosed financials.

M&A TRANSACTION · 2019

CitiusTech acquired by Baring Private Equity Asia

$1.00B· 17.4x EBITDA· 5.70x revenue

Target

CitiusTech

Acquirer

Baring Private Equity Asia

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$175.0M

EBITDA

$57.5M

Deal Value

$1.00B

EV/EBITDA

17.4x

Context

This $1.00B acquisition of CitiusTech by Baring Private Equity Asia sits in the healthcare it sub-vertical. The 17.4x EBITDA multiple paid in 2019 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Baring Private Equity Asia 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. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

Value your own healthcare it

Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.

Compare your business to the CitiusTech acquisition.

Citation: ExitValue.ai. (2019). CitiusTech acquired by Baring Private Equity Asia. https://exitvalue.ai/deals/citiustech-acquired-by-baring-private-equity-asia-hc-2019-0145