M&A · Energy · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Parent to acquire Ossen Innovation Co. Ltd.
Announced Dec 17, 2020 · Closed Sep 10, 2021
Deal value$34M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$1.70 per share
Transaction
- Acquirer
- Parent
- Target
- Ossen Innovation Co. Ltd.
- Buyer type
- Private equity
- Offer price per share
- $1.70
- Enterprise value
- —
- Status
- Closed Sep 10, 2021
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Houlihan Lokey
Sector context · Energy
- Comparable deals
- 3 in the prior 24 months
- Premium
- —
- EV / Adj. EBITDA
- —
- Break fee
- Sector median 4.6%
Timeline
- AnnouncedDec 17, 2020
- ClosedSep 10, 2021