M&A · Tech · Services-Computer Programming Services
Lumine Group to acquire Synchronoss Technologies Inc
Announced Dec 4, 2025 · Closed Feb 13, 2026
Deal value$258MEV $258M
Premium70.0%To unaffected price
EV / Adj. EBITDA5.0x1.5x EV / Revenue
ConsiderationAll cash$9.00 per share
Transaction
- Acquirer
- Lumine Group (LMN)
- Target
- Synchronoss Technologies Inc (SNCR)
- Buyer type
- Strategic
- Offer price per share
- $9.00
- Enterprise value
- $258M
- Status
- Closed Feb 13, 2026
Deal protections
- Break fee (target pays)
- $7.8M · 3.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- —
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- TD Cowen
- TD Cowen fee
- $4.7M
Sector context · Tech
- Comparable deals
- 67 in the prior 24 months
- Premium
- 70.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- 5.0x vs. 16.7x sector median
- Break fee
- 3.0% vs. 3.0% sector median
Timeline
- AnnouncedDec 4, 2025
- Proxy filedDec 23, 2025
- Definitive proxyJan 5, 2026
- Shareholder voteFeb 12, 2026
- ClosedFeb 13, 2026
Valuation · fairness opinions
Trading comparables$6.63$13.37
Trading comparables$7.81$10.93
Precedent transactions$6.63$13.37
Precedent transactions$7.81$12.48
Discounted cash flow$5.43$10.32
Offer $9.00
Implied value per Synchronoss Technologies Inc share by analysis, from TD Cowen.