M&A · Tech · Services-Computer Processing & Data Preparation
Tata Communications Limited to acquire Kaleyra, Inc.
Announced Jun 28, 2023 · Closed Oct 10, 2023
Deal value$100MEV $43M
Premium51.0%To unaffected price
EV / Adj. EBITDA—0.1x EV / Revenue
ConsiderationAll cash$7.25 per share
Transaction
- Acquirer
- Tata Communications Limited
- Target
- Kaleyra, Inc.
- Buyer type
- Strategic
- Offer price per share
- $7.25
- Enterprise value
- $43M
- Status
- Closed Oct 10, 2023
Deal protections
- Break fee (target pays)
- $5.0M · 5.0%
- Reverse fee (buyer pays)
- $5.0M · 5.0%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Lazard
- To the target
- Northland Capital Markets
Sector context · Tech
- Comparable deals
- 60 in the prior 24 months
- Premium
- 51.0% vs. 42.0% sector median
- EV / Adj. EBITDA
- Sector median 18.1x
- Break fee
- 5.0% vs. 3.0% sector median
Timeline
- AnnouncedJun 28, 2023
- Proxy filedAug 4, 2023
- Definitive proxyAug 18, 2023
- Shareholder voteSep 28, 2023
- ClosedOct 5, 2023