M&A · Industrials · Services-Help Supply Services
Vega Consulting, Inc. to acquire Volt Information Sciences, Inc.
Announced Mar 14, 2022 · Closed Apr 25, 2022
Deal value$133MEV $121M
Premium99.0%To unaffected price
EV / Adj. EBITDA6.8x0.1x EV / Revenue
ConsiderationAll cash$6.00 per share
Transaction
- Acquirer
- Vega Consulting, Inc.
- Target
- Volt Information Sciences, Inc.
- Buyer type
- Strategic
- Offer price per share
- $6.00
- Enterprise value
- $121M
- Status
- Closed Apr 25, 2022
Deal protections
- Break fee (target pays)
- $4.3M · 3.2%
- Reverse fee (buyer pays)
- —
- Go-shop
- Go-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Foros
- Foros fee
- $3.9M
Sector context · Industrials
- Comparable deals
- 58 in the prior 24 months
- Premium
- 99.0% vs. 46.8% sector median
- EV / Adj. EBITDA
- 6.8x vs. 10.9x sector median
- Break fee
- 3.2% vs. 2.7% sector median
Timeline
- AnnouncedMar 14, 2022
- Tender offerMar 25, 2022
- ClosedApr 25, 2022
Valuation · fairness opinions
Discounted cash flow$5.75$6.11
Trading comparables$4.00$5.00
Trading comparables$4.25$5.50
Offer $6.00
Implied value per Volt Information Sciences, Inc. share by analysis, from Foros.