CBPE hires Arma to sell Xceptor

Katharine Hidalgo
15 January 2021

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CBPE Capital has hired Arma Partners to sell data automation software provider Xceptor.

The process is expected to be launched before the second quarter of 2021.

Xceptor recorded group revenues of £27m and EBITDA of £10.8m for the year ending on 31 July 2020. The business could achieve a valuation of 10x revenue, according to a report by Unquote sister publication Mergermarket.

There was a failed pre-emptive attempt by US-based Francisco Partners last year, according to the report, and Hg and Nordic Capital have previously considered acquiring the business.

SVG Capital sold its majority stake in the business to CBPE, drawing equity from its ninth fund, a 2015-vintage vehicle that held its final close on £459m. The fund had a strategy of investing in companies with enterprise values of £25-150m, providing an average ticket of €30-35m.

Founded in 2003, London-headquartered Xceptor provides process automation software for financial institutions. Its products relate to back-office business processes, particularly for trade confirmation, tax reclaim, fund processing and collateral management.