M&A · Tech · Services-Prepackaged Software
Thoma Bravo to acquire Talend S.A.
Announced Mar 10, 2021 · Closed Jul 29, 2021
Deal value$2.40BEV $2.10B
Premium29.0%To unaffected price
EV / Adj. EBITDA—7.3x EV / Revenue
ConsiderationAll cash$66.00 per share
Transaction
- Acquirer
- Thoma Bravo
- Target
- Talend S.A. (TLND)
- Buyer type
- Private equity
- Offer price per share
- $66.00
- Enterprise value
- $2.10B
- Status
- Closed Jul 29, 2021
Deal protections
- Break fee (target pays)
- $47.9M · 2.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- Go-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Qatalyst
Sector context · Tech
- Comparable deals
- 23 in the prior 24 months
- Premium
- 29.0% vs. 33.3% sector median
- EV / Adj. EBITDA
- Sector median 17.3x
- Break fee
- 2.0% vs. 2.9% sector median
Timeline
- AnnouncedMar 10, 2021
- Proxy filedJun 8, 2021
- Definitive proxyJun 21, 2021
- Shareholder voteJul 26, 2021
- ClosedJul 29, 2021