Another M&A data point in the digital marketing space as Endurance International announces it is acquiring Constant Contact for $1.1bn (23% premium). The acquisition multiple is 12x Dec 2015 EBITDA, with Constant Contact 2015 forecast revenue growth of 12% and forecast adjusted EBITDA margin of 20%. Dotdigital currently trades on 14x EV/EBITDA to June 2016 falling to 9.6x to June 2017, with forecast revenue growth of 30% (and track record of delivering this) and adjusted EBITDA margin of 27% eve ....
