M&A · Financials · Finance Services
Smith Ventures to acquire Green Dot Corp
Announced Nov 24, 2025 · Pending May 8, 2026
Deal value$470M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$8.11 per share
Transaction
- Acquirer
- Smith Ventures
- Target
- Green Dot Corp (GDOT)
- Buyer type
- Strategic
- Offer price per share
- $8.11
- Enterprise value
- —
- Status
- Pending May 8, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- $27.0M · 5.7%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Stephens, Performance Trust
- To the target
- Citigroup
Sector context · Financials
- Comparable deals
- 62 in the prior 24 months
- Premium
- Sector median 37.0%
- EV / Adj. EBITDA
- Sector median 13.1x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedNov 24, 2025
- Proxy filedMay 8, 2026
- Definitive proxyMay 8, 2026
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Trading comparablesCitigroup$14.23$19.18
Discounted cash flowCitigroup$15.45$17.51
Trading comparablesCitigroup$8.90$13.35
Trading comparablesCitigroup$9.50$12.95
Discounted cash flowCitigroup$13.15$16.30
Trading comparablesPerformance Trust$9.24$13.55
Trading comparablesPerformance Trust$11.41$20.54
Precedent transactionsPerformance Trust$10.76$13.78
Precedent transactionsPerformance Trust$6.12$10.24
Trading comparablesPerformance Trust$6.17$8.09
Offer $8.11
Implied value per Green Dot Corp share by analysis, from Citigroup and Performance Trust.