What did Artisan Acquisition Corp. pay for Prenetics Group Limited?

Artisan Acquisition Corp. acquired Prenetics Group Limited for $1.25B in 2021 (30.7x EBITDA), equivalent to 4.60x revenue. Target revenue was approximately $275.9M. Target EBITDA was approximately $40.9M.

What does Prenetics Group Limited do?

Prenetics Group Limited is a laboratory services business.

What multiple did Artisan Acquisition Corp. pay for Prenetics Group Limited?

30.7x EBITDA and 4.60x revenue, based on disclosed deal value of $1.25B and disclosed financials.

M&A TRANSACTION · 2021

Prenetics Group Limited acquired by Artisan Acquisition Corp.

$1.25B· 30.7x EBITDA· 4.60x revenue

Target

Prenetics Group Limited

Acquirer

Artisan Acquisition Corp.

Disclosed financials at time of acquisition

Revenue

$275.9M

EBITDA

$40.9M

Deal Value

$1.25B

EV/EBITDA

30.7x

Context

This $1.25B acquisition of Prenetics Group Limited by Artisan Acquisition Corp. sits in the laboratory services sub-vertical. The 30.7x EBITDA multiple paid in 2021 can be compared against the population median for laboratory services transactions of similar size on our Laboratory Services valuation hub.

Source

Data sourced from SEC filings and investor presentations. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2021). Prenetics Group Limited acquired by Artisan Acquisition Corp.. https://exitvalue.ai/deals/prenetics-group-limited-acquired-by-artisan-acquisition-corp-hc-2021-0087