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This report is accessible on EMAT, the reference database for private company acquisition multiples



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Transaction Multiples for the Valuation of Private Companies

Alstom / 21net

No EMAT : 103918
Announced Date : 06/03/2018
Type : Acquisition of Majority Stake
Deal Value : Yes
Acquirer : Alstom

Target : 21net
Country : England
Sector of activity :
  • Telecommunication Services > Mobile & Wireless Telecom Services
  • Telecommunication Services > IT Service Provider & VoIP
Business Description :
Founded in 2001, 21net Limited provides embedded Internet and infotainment for the rail industry . > Embedded connectivity solution is based on satellite, cellular and wireless broadband...

Transaction multiples available
Gross Profit
P/E Price
to Book
Historic ns ns ns ns
Rating : **
Multiple available
n.s.   Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

  • Number of EMAT Reports / sub-sector « Mobile & Wireless Telecom Services » = 105
  • Number of EMAT Reports / sub-sector « IT Service Provider & VoIP » = 170
Example of comparable transactions on EMAT (same sub-sector):
Date Acquirer Target Country Multiples See details
27/11/2020 Private Group backed by Actomezz Sogetrel Hauts-De-Seine * 102918
18/01/2019 Iliad Jaguar Network Bouches-Du-Rhône *** 102904

Source: Epsilon Research / EMAT

About Epsilon Research

Epsilon Research is an independent research and financial analysis bureau, and the reference source of transaction multiples for the valuation of private companies through its EMAT database.

EMAT Report

► Each EMAT Report includes the detailed analysis of the transaction: deal rationale and structure, target business lines and financials (restated), valuation multiples (calculation and analysis).


► Example of EMAT Report