HgCapital acquires EidosMedia

HgCapital invested via its HgCapital 7 fund, which following this transaction will be 46% invested. The HgCapital Trust contributed £8.3m to the deal. EidosMedia's management also reinvested in the business.

Following the deal, HgCapital will support EidosMedia in consolidating its position in the digital publishing sector, as well as in creating new products.

Previous funding
Italian GP Wise invested in EidosMedia in 2010 through its Wisequity III fund. Aksia also participated in the deal, which saw the private equity duo purchasing 30% of the company in a transaction that valued EidosMedia at €70m. According to unquote" data, the valuation represented an EBITDA multiple of 7x.

Company
Based in Milan, EidosMedia provides content management software to media and financial services companies. Clients include the Financial Times, the Wall Street Journal, the Sun and Les Echos.

Eidos Media's Méthode offering is a platform designed for publishers, enabling them to integrate print and web publishing. Financial services companies use Méthode for writing and publishing reports.

The company was founded in 1999 and has offices in Italy, France, Germany, the UK, Australia, the US and Brazil.

People
Gabriella Franzini is CEO of EidosMedia. Jean-Baptiste Brian is a director in HgCapital's TMT team.

Advisers
Equity - Credit Suisse (M&A).

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• Topics
• Buyouts
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• Southern Europe
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• HgCapital
• Wise SGR
• Aksia Group
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