M&A · Industrials · Services-Business Services, NEC
Western Union Co to acquire International Money Express, Inc.
Announced Aug 10, 2025 · Pending Oct 21, 2025
Deal value$500MEV $500M
Premium72.4%To unaffected price
EV / Adj. EBITDA4.4x0.8x EV / Revenue
ConsiderationAll cash$16.00 per share
Transaction
- Acquirer
- Western Union Co (WU)
- Target
- International Money Express, Inc. (IMXI)
- Buyer type
- Strategic
- Offer price per share
- $16.00
- Enterprise value
- $500M
- Status
- Pending Oct 21, 2025
Deal protections
- Break fee (target pays)
- $19.8M · 4.0%
- Reverse fee (buyer pays)
- $27.3M · 5.5%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- PJT Partners
- To the target
- FT Partners, Lazard
- Lazard fee
- $8.0M
Sector context · Industrials
- Comparable deals
- 95 in the prior 24 months
- Premium
- 72.4% vs. 40.0% sector median
- EV / Adj. EBITDA
- 4.4x vs. 9.6x sector median
- Break fee
- 4.0% vs. 2.7% sector median
Timeline
- AnnouncedAug 10, 2025
- Proxy filedOct 21, 2025
- Definitive proxyNov 5, 2025
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Discounted cash flow$13.40$18.60
Trading comparables$12.10$16.70
Trading comparables$10.40$14.90
Precedent transactions$13.70$24.30
Offer $16.00
Implied value per International Money Express, Inc. share by analysis, from Lazard · DCF discount rate 11%–14%.