M&A · Tech · Services-Prepackaged Software
Alianza, Inc. to acquire Counterpath Corp
Announced Dec 7, 2020 · Closed Feb 26, 2021
Deal value$22M
Premium20.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$3.49 per share
Transaction
- Acquirer
- Alianza, Inc.
- Target
- Counterpath Corp
- Buyer type
- Strategic
- Offer price per share
- $3.49
- Enterprise value
- —
- Status
- Closed Feb 26, 2021
Deal protections
- Break fee (target pays)
- $1.5M · 6.7%
- Reverse fee (buyer pays)
- $1.5M · 6.7%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- AGC Partners
Sector context · Tech
- Comparable deals
- 5 in the prior 24 months
- Premium
- 20.0% vs. 19.0% sector median
- EV / Adj. EBITDA
- Sector median 24.4x
- Break fee
- 6.7% vs. 2.9% sector median
Timeline
- AnnouncedDec 7, 2020
- Proxy filedDec 29, 2020
- Definitive proxyJan 22, 2021
- Shareholder voteFeb 22, 2021
- ClosedFeb 26, 2021