M&A · Tech · Services-Prepackaged Software
Costar Group, Inc. to acquire Matterport, Inc.
Announced Apr 22, 2024 · Closed Feb 28, 2025
Deal value$2.10BEV $2.02B
Premium216.1%To unaffected price
EV / Adj. EBITDA—12.8x EV / Revenue
ConsiderationCash and stock$5.50 per share
Transaction
- Acquirer
- Costar Group, Inc. (CSGP)
- Target
- Matterport, Inc. (MTTR)
- Buyer type
- Strategic
- Offer price per share
- $5.50
- Enterprise value
- $2.02B
- Status
- Closed Feb 28, 2025
Deal protections
- Break fee (target pays)
- $50.0M · 2.4%
- Reverse fee (buyer pays)
- $85.0M · 4.0%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- JPMorgan
- To the target
- Qatalyst
Sector context · Tech
- Comparable deals
- 55 in the prior 24 months
- Premium
- 216.1% vs. 46.0% sector median
- EV / Adj. EBITDA
- Sector median 15.5x
- Break fee
- 2.4% vs. 3.0% sector median
Timeline
- AnnouncedApr 22, 2024
- Proxy filedJun 10, 2024
- Definitive proxyJun 10, 2024
- Shareholder voteJul 26, 2024
- ClosedFeb 28, 2025
Valuation · fairness opinions
Discounted cash flow$4.13$8.01
Offer $5.50
Implied value per Matterport, Inc. share by analysis, from Qatalyst.