What did Astorg / Nordic Capital pay for eResearch Technology, Inc.?

Astorg / Nordic Capital acquired eResearch Technology, Inc. for $3.80B in 2019 (18.1x EBITDA). Target EBITDA was approximately $210.0M.

What does eResearch Technology, Inc. do?

eResearch Technology, Inc. is a healthcare it business.

What multiple did Astorg / Nordic Capital pay for eResearch Technology, Inc.?

18.1x EBITDA, based on disclosed deal value of $3.80B and disclosed financials.

M&A TRANSACTION · 2019

eResearch Technology, Inc. acquired by Astorg / Nordic Capital

$3.80B· 18.1x EBITDA

Target

eResearch Technology, Inc.

Acquirer

Astorg / Nordic Capital

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$210.0M

Deal Value

$3.80B

EV/EBITDA

18.1x

Context

This $3.80B acquisition of eResearch Technology, Inc. by Astorg / Nordic Capital sits in the healthcare it sub-vertical. The 18.1x 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.

Source

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

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Citation: ExitValue.ai. (2019). eResearch Technology, Inc. acquired by Astorg / Nordic Capital. https://exitvalue.ai/deals/eresearch-technology-inc-acquired-by-astorg-nordic-capital-hc-2019-0139