M&A · Industrials · Services-Business Services, NEC
Parent to acquire China Customer Relations Centers, Inc.
Announced Mar 12, 2021 · Closed Jul 6, 2021
Deal value$119MEV $98M
Premium37.7%To unaffected price
EV / Adj. EBITDA6.1x0.6x EV / Revenue
ConsiderationCash and stock$6.50 per share
Transaction
- Acquirer
- Parent
- Target
- China Customer Relations Centers, Inc. (CCRC)
- Buyer type
- Private equity
- Offer price per share
- $6.50
- Enterprise value
- $98M
- Status
- Closed Jul 6, 2021
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Houlihan Lokey
Sector context · Industrials
- Comparable deals
- 15 in the prior 24 months
- Premium
- 37.7% vs. 24.0% sector median
- EV / Adj. EBITDA
- 6.1x vs. 9.7x sector median
- Break fee
- Sector median 2.4%
Timeline
- AnnouncedMar 12, 2021
- ClosedJul 6, 2021