Raymond James Schedules JTL-Software Sale for September

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 enterprise value of 17.4x pro-forma EBITDA, according to information retrieved from Fundamentals by Reorg’s transaction database. For questions contact [email protected]. JTL was founded in 2008 by brothers Janusch and Thomas Lisson who had originally envisaged JTL as a games developer, before an acquaintance suggested it focus on merchandise management instead, according to its website. JTL offers a suite of e-commerce solutions for German mid-market companies, the most popular of which is JTL-Wawi, a merchandise management solution. The company employs 200 people and has 500 partners, according to its website. Raymond James and JTL-Software did not respond to requests for comment. –Oscar Laurikka