Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Nasdaq Technology raises bid to acquire Cinnober for SEK 2bn
December 19, 2018

Nasdaq Technology has raised its bid to acquire Sweden-based Fintech company Cinnober for SEK 1.98bn. Cinnober Financial Services provides trading and clearinghouse platforms for financial markets. Cinnober reported a LTM turnover of SEK 348.2m and EBITDA of SEK -126.9m by September 2018, corresponding to an EV/sales multiple of 5.4x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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