TRINTECH'S OWNERS EXPLORE $2 BILLION SALE OF FINANCIAL SOFTWARE MAKER
NEWS Desk Global
Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech that could value the financial software provider at about $2 billion, including debt. Trintech's owners are working with investment bankers at Deutsche Bank on a sale process that could attract interest from other private equity firms.
Plano, Texas-based Trintech generates roughly $200 million in annual revenue and about $90 million in earnings before interest, taxes, depreciation, and amortization, the sources said. Trintech's owners expect to command a valuation equivalent to more than 20 times the company's core profits.
Comments