M&A · Tech · Services-Prepackaged Software
Kaseya Inc. to acquire Datto Holding Corp.
Announced Apr 11, 2022 · Closed Jun 23, 2022
Deal value$6.20BEV $5.60B
Premium52.0%To unaffected price
EV / Adj. EBITDA34.8x9.1x EV / Revenue
ConsiderationAll cash$35.50 per share
Transaction
- Acquirer
- Kaseya Inc.
- Target
- Datto Holding Corp. (MSP)
- Buyer type
- Strategic
- Offer price per share
- $35.50
- Enterprise value
- $5.60B
- Status
- Closed Jun 23, 2022
Deal protections
- Break fee (target pays)
- $186M · 3.0%
- Reverse fee (buyer pays)
- $371M · 6.0%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Evercore
- To the target
- Qatalyst
Sector context · Tech
- Comparable deals
- 64 in the prior 24 months
- Premium
- 52.0% vs. 31.0% sector median
- EV / Adj. EBITDA
- 34.8x vs. 17.4x sector median
- Break fee
- 3.0% vs. 3.0% sector median
Timeline
- AnnouncedApr 11, 2022
- Proxy filedMay 12, 2022
- Definitive proxyMay 25, 2022
- Shareholder vote—
- ClosedJun 23, 2022
Valuation · fairness opinions
Discounted cash flow$27.04$42.48
Trading comparables$20.16$32.69
Trading comparables$19.85$32.16
Trading comparables$16.85$30.39
Trading comparables$16.56$29.83
Offer $35.50
Implied value per Datto Holding Corp. share by analysis, from Qatalyst.