Epsilon M&A Deal Report - Xchanging etb (formerly Zweite Xchanging)
Transaction Multiples for the Valuation of Private Companies
Deutsche Bank / Xchanging etb (formerly Zweite Xchanging)
No EMAT :
58848
Announced Date :
15/05/2013
Type :
Acquisition of Majority Stake
Deal Value :
Yes
Acquirer :
Deutsche Bank
Target :
Xchanging etb (formerly Zweite Xchanging)
Country :
Germany
Sector of activity :
- Financial Software > Business Software > Software > Financial Markets software
- Business Software > Software > Security Software
Business Description :
Xchanging etb is the holding company of Xchanging Transaction Bank GmbH (XTB) that provides services in relation to the securities processing business for Deutsche Bank as well as for external...
Transaction multiples available
| EV/ Sales |
EV/ Gross Profit |
EV/ EBITDA |
EV/ EBIT |
Eq/ PBT |
P/E | Price to Book |
Specific multiple(s) |
|
|---|---|---|---|---|---|---|---|---|
| Historic | 
|
|
||||||
| Current |
Rating :
*
|
|
Multiple available |
| n.s. | Multiple calculated, but not significant |
Source: Epsilon Research / EMAT
Comparable Transactions
- Number of EMAT Reports / sub-sector « Financial Markets software » = 40
- Number of EMAT Reports / sub-sector « Security Software » = 70
| Date | Acquirer | Target | Country | Multiples | See details |
| 08/04/2013 | Fujitsu | RunMyProcess (RMP) | France | ** | 58729 |
| 20/12/2011 | Ion Trading | Patsystems | England | *** | 58597 |
Source: Epsilon Research / EMAT
