Tue 08/15/2023 10:14 AM
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Relevant Document:
Annual Report 2021 (in German)

Raymond James has informed potential investors that the sale of German enterprise software development business JTL-Software will kick off in September, sources told Reorg.

The business is marketed off €10 million EBITDA and is expected to attract interest from mid-market sponsors, the sources added.

JTL posted EBIT of €7 million from sales of €20.6 million in 2021, according to its annual report.

European software LBOs have an average...
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