M&A · Tech · Services-Computer Processing & Data Preparation
Light & Wonder, Inc. to acquire SciPlay Corp
Announced Aug 8, 2023 · Closed Oct 23, 2023
Deal value—
Premium47.5%To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$22.95 per share
Transaction
- Acquirer
- Light & Wonder, Inc. (LAWIL)
- Target
- SciPlay Corp
- Buyer type
- Strategic
- Offer price per share
- $22.95
- Enterprise value
- —
- Status
- Closed Oct 23, 2023
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Macquarie
- To the target
- Lazard
Sector context · Tech
- Comparable deals
- 62 in the prior 24 months
- Premium
- 47.5% vs. 42.9% sector median
- EV / Adj. EBITDA
- Sector median 17.8x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedAug 8, 2023
- Proxy filedSep 11, 2023
- Definitive proxyOct 3, 2023
- Shareholder vote—
- ClosedOct 23, 2023