The potential sale comes amid increased deal activity in the tech sector as inflation and financing pressures ease. Regnology, which provides software for tax and regulatory reporting used by financial institutions, was acquired by Nordic Capital in 2020. The company's EBITDA is expected to be around €80 million this year, and it generated revenues of €130 million in 2022.
Key takeaways:
- Nordic Capital is considering a sale of German regulatory software firm Regnology, which could value the company at up to 3 billion euros ($3.27 billion).
- The private equity firm is discussing with investment banks about its options for Regnology and might launch an auction as early as the second half of this year.
- Regnology, which provides software products for tax and regulatory reporting, is expected to attract interest from exchange operators, rating agencies, information services groups, and private equity firms.
- Regnology's annual earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be around 80 million euros this year, and it generated revenues of 130 million euros in 2022.