M&A · Industrials · Retail-Retail Stores, NEC
NFT Ltd to acquire Takung Art Co., Ltd
Announced Nov 7, 2022 · Closed Sep 18, 2023
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- NFT Ltd (MI)
- Target
- Takung Art Co., Ltd
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Sep 18, 2023
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 81 in the prior 24 months
- Premium
- Sector median 47.4%
- EV / Adj. EBITDA
- Sector median 11.1x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedNov 7, 2022
- Proxy filedNov 8, 2022
- Definitive proxyNov 18, 2022
- Shareholder voteMay 23, 2023
- ClosedSep 18, 2023