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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

Morningstar / Sustainalytics

No EMAT : 100726
Announced Date : 21/04/2020
Type : Acquisition of Majority Stake
Deal Value : Yes
Acquirer : Morningstar

Target : Sustainalytics
Country : Netherlands
Sector of activity :
  • Financial Services
  • Professional Services > Business Services > Competitive Intelligence & Market Studies
Business Description :
Formed in 2009 from the merger of Dutch Sustainability Research (DSR, largely owned by Triodos Research) and Jantzi Research, Sustainalytics is an independent global pure-player ESG and corporate...

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

Source: Epsilon Research / EMAT

Comparable Transactions

  • Number of EMAT Reports / sub-sector « Financial Services » = 35
  • Number of EMAT Reports / sub-sector « Competitive Intelligence & Market Studies » = 11
Example of comparable transactions on EMAT (same sub-sector):
Date Acquirer Target Country Multiples See details
22/09/2017 Proximus Co Station Belgium (Co.Station) Belgium * 103574
27/03/2019 Private Group led by China Synergy Fund Electropoli Manche ** 104248

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).


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