M&A · Tech · Services-Computer Processing & Data Preparation
WiseTech Global Limited to acquire E2open Parent Holdings, Inc.
Announced May 25, 2025 · Closed Aug 4, 2025
Deal value$2.10BEV $2.10B
Premium68.0%To unaffected price
EV / Adj. EBITDA—3.5x EV / Revenue
ConsiderationAll cash$3.30 per share
Transaction
- Acquirer
- WiseTech Global Limited (WTC)
- Target
- E2open Parent Holdings, Inc. (ETWO)
- Buyer type
- Strategic
- Offer price per share
- $3.30
- Enterprise value
- $2.10B
- Status
- Closed Aug 4, 2025
Deal protections
- Break fee (target pays)
- $37.5M · 1.8%
- Reverse fee (buyer pays)
- $75.0M · 3.6%
- Go-shop
- —
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Rothschild & Co
Sector context · Tech
- Comparable deals
- 58 in the prior 24 months
- Premium
- 68.0% vs. 36.0% sector median
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- 1.8% vs. 3.1% sector median
Timeline
- AnnouncedMay 25, 2025
- Proxy filedJul 2, 2025
- Definitive proxyJul 14, 2025
- Shareholder vote—
- ClosedAug 4, 2025
Valuation · fairness opinions
Trading comparables$2.66$4.53
Trading comparables$2.64$4.30
Discounted cash flow$1.34$4.32
Discounted cash flow$1.87$4.89
Discounted cash flow$2.00$2.50
Offer $3.30
Implied value per E2open Parent Holdings, Inc. share by analysis, from Rothschild & Co.