M&A · Industrials · Services-Business Services, NEC
Zip Co Ltd to acquire Sezzle Inc.
Announced Feb 28, 2022 · Terminated Jul 12, 2022
Deal value—
Premium22.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Zip Co Ltd
- Target
- Sezzle Inc. (SZL)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Terminated Jul 12, 2022
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- BofA Securities, Evercore
- To the target
- Goldman Sachs
Sector context · Industrials
- Comparable deals
- 57 in the prior 24 months
- Premium
- 22.0% vs. 46.9% sector median
- EV / Adj. EBITDA
- Sector median 11.1x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedFeb 28, 2022
- TerminatedJul 12, 2022