What did ICONIQ pay for QGenda?

ICONIQ acquired QGenda for $1.05B in 2020 (42.0x EBITDA), equivalent to 14.00x revenue. Target revenue was approximately $75.0M. Target EBITDA was approximately $25.0M.

QGenda is a healthcare it business.

What multiple did ICONIQ pay for QGenda?

42.0x EBITDA and 14.00x revenue, based on disclosed deal value of $1.05B and disclosed financials.

M&A TRANSACTION · 2020

QGenda acquired by ICONIQ

$1.05B· 42.0x EBITDA· 14.00x revenue

Target

QGenda

Acquirer

ICONIQ

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$75.0M

EBITDA

$25.0M

Deal Value

$1.05B

EV/EBITDA

42.0x

Context

This $1.05B acquisition of QGenda by ICONIQ sits in the healthcare it sub-vertical. The 42.0x 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. ICONIQ is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

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. (2020). QGenda acquired by ICONIQ. https://exitvalue.ai/deals/qgenda-acquired-by-iconiq-hc-2020-0126