M&A · Tech · Telegraph & Other Message Communications
Toro CombineCo, Inc. to acquire TechTarget Inc
Announced Jan 11, 2024 · Closed Dec 3, 2024
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Toro CombineCo, Inc.
- Target
- TechTarget Inc
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Dec 3, 2024
Deal protections
- Break fee (target pays)
- $40.0M
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- JPMorgan
Sector context · Tech
- Comparable deals
- 58 in the prior 24 months
- Premium
- Sector median 45.6%
- EV / Adj. EBITDA
- Sector median 16.1x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedJan 11, 2024
- Proxy filedOct 28, 2024
- Definitive proxyOct 28, 2024
- Shareholder voteNov 26, 2024
- ClosedDec 2, 2024