M&A · Industrials · Deep Sea Foreign Transportation of Freight
NLHC to acquire Navios Maritime Holdings Inc.
Announced Oct 23, 2023 · Closed Dec 14, 2023
Deal value$52MEV $648M
Premium43.0%To unaffected price
EV / Adj. EBITDA11.4x2.5x EV / Revenue
ConsiderationAll cash$2.28 per share
Transaction
- Acquirer
- NLHC
- Target
- Navios Maritime Holdings Inc. (NM)
- Buyer type
- Strategic
- Offer price per share
- $2.28
- Enterprise value
- $648M
- Status
- Closed Dec 14, 2023
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Jefferies
Sector context · Industrials
- Comparable deals
- 80 in the prior 24 months
- Premium
- 43.0% vs. 49.0% sector median
- EV / Adj. EBITDA
- 11.4x vs. 10.8x sector median
- Break fee
- Sector median 2.9%
Timeline
- AnnouncedOct 23, 2023
- ClosedDec 14, 2023