M&A · Industrials · Services-Business Services, NEC
Hudson Executive Capital to acquire Cardtronics plc
Announced Dec 15, 2020 · Terminated Jan 25, 2021
Deal value$2.30BEV $2.30B
Premium35.0%To unaffected price
EV / Adj. EBITDA8.9x2.0x EV / Revenue
ConsiderationAll cash
Transaction
- Acquirer
- Hudson Executive Capital
- Target
- Cardtronics plc
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $2.30B
- Status
- Terminated Jan 25, 2021
Deal protections
- Break fee (target pays)
- $36.9M · 1.6%
- Reverse fee (buyer pays)
- —
- Go-shop
- —
- Financing
- Committed · Barclays, Mizuho, RBC Capital Markets, BofA Securities
Advisors
- To the acquirer
- Not disclosed
- To the target
- Goldman Sachs
Sector context · Industrials
- Comparable deals
- 5 in the prior 24 months
- Premium
- 35.0% vs. 22.0% sector median
- EV / Adj. EBITDA
- 8.9x vs. 9.2x sector median
- Break fee
- 1.6% vs. 2.4% sector median
Timeline
- AnnouncedDec 15, 2020
- Proxy filedJan 7, 2021
- Definitive proxy—
- Shareholder vote—
- TerminatedJan 25, 2021