M&A · Industrials · Motor Vehicles & Passenger Car Bodies
Xos, Inc. to acquire Electrameccanica Vehicles Corp.
Announced Jan 12, 2024 · Closed Mar 26, 2024
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationNot disclosed
Transaction
- Acquirer
- Xos, Inc. (XOS)
- Target
- Electrameccanica Vehicles Corp.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Mar 26, 2024
Deal protections
- Break fee (target pays)
- $6.0M
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Houlihan Lokey
- To the target
- Greenhill
Sector context · Industrials
- Comparable deals
- 78 in the prior 24 months
- Premium
- Sector median 47.1%
- EV / Adj. EBITDA
- Sector median 10.8x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedJan 12, 2024
- Proxy filedFeb 1, 2024
- Definitive proxyFeb 13, 2024
- Shareholder voteMar 20, 2024
- ClosedMar 26, 2024