M&A · Energy · Industrial Organic Chemicals
GPLP Holdings Inc. to acquire Green Plains Partners LP
Announced Sep 18, 2023 · Closed Jan 9, 2024
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- GPLP Holdings Inc.
- Target
- Green Plains Partners LP
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Jan 9, 2024
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- —
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Evercore
Sector context · Energy
- Comparable deals
- 37 in the prior 24 months
- Premium
- Sector median 22.0%
- EV / Adj. EBITDA
- Sector median 8.7x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedSep 18, 2023
- Proxy filedDec 4, 2023
- Definitive proxyDec 4, 2023
- Shareholder voteJan 4, 2024
- ClosedJan 9, 2024
Valuation · fairness opinions
Discounted cash flow$10.72$12.17
Discounted cash flow$10.52$11.80
Discounted cash flow$12.93$15.51
Discounted cash flow$12.19$14.49
Discounted cash flow$11.46$13.47
Implied value per Green Plains Partners LP share by analysis, from Evercore.