Sofipa reaps 1.7x on Byte exit
Sofipa, Unicredit Group’s private equity fund manager, has reaped a money multiple of 1.7x on its sale of Byte Software House to Automatic Data Processing.
The human resources services company bought the 32.67% stake Sofipa held in its SEF fund for €11.6m and the 62.22% stake in SEFII for €22m.
The Enterprise Value of the transaction was approximately €54m, which represents an EBITDA multiple of around 8x.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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