M&A · Financials · Security Brokers, Dealers & Flotation Companies
Macquarie Management Holdings, Inc. to acquire Waddell & Reed Financial Inc
Announced Dec 2, 2020 · Closed Apr 30, 2021
Deal value$1.70B
Premium48.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$25.00 per share
Transaction
- Acquirer
- Macquarie Management Holdings, Inc.
- Target
- Waddell & Reed Financial Inc
- Buyer type
- Private equity
- Offer price per share
- $25.00
- Enterprise value
- —
- Status
- Closed Apr 30, 2021
Deal protections
- Break fee (target pays)
- $47.0M · 2.8%
- Reverse fee (buyer pays)
- $125M · 7.4%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- RBC Capital Markets
- To the target
- JPMorgan, Wells Fargo
Classification
- Sector
- Financials
- Industry
- Security Brokers, Dealers & Flotation Companies
Timeline
- AnnouncedDec 2, 2020
- Proxy filedJan 22, 2021
- Definitive proxyFeb 17, 2021
- Shareholder voteMar 23, 2021
- ClosedApr 30, 2021