Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Tech · Services-Computer Programming, Data Processing, Etc.

Nielsen to acquire DoubleVerify Holdings, Inc.

Announced Aug 6, 2026 · Pending Sep 11, 2026

Deal value$2.15BEV $2.15B
Premium—To unaffected price
EV / Adj. EBITDA8.5x2.8x EV / Revenue
ConsiderationAll cash$13.60 per share

Transaction

Acquirer
Nielsen
Target
DoubleVerify Holdings, Inc. (DV)
Buyer type
Strategic
Offer price per share
$13.60
Enterprise value
$2.15B
Status
Pending Sep 11, 2026

Deal protections

Break fee (target pays)
$60.0M · 2.8%
Reverse fee (buyer pays)
$144M · 6.7%
Go-shop
No-shop
Financing
Committed · BofA Securities, Barclays, Citigroup

Advisors

To the acquirer
Barclays
To the target
PJT Partners
PJT Partners fee
$23.0M

Sector context · Tech

Comparable deals
67 in the prior 24 months
Premium
Sector median 40.0%
EV / Adj. EBITDA
8.5x vs. 15.9x sector median
Break fee
2.8% vs. 3.0% sector median

Timeline

  1. AnnouncedAug 6, 2026
  2. Proxy filedSep 11, 2026
  3. Definitive proxySep 29, 2026
  4. Shareholder votePending
  5. ClosedPending

Valuation · fairness opinions

Precedent transactions$12.65$16.39
Discounted cash flow$11.64$15.47
Discounted cash flow$9.67$12.75
52-week trading range$7.64$16.82
Analyst price targets$8.00$16.00
Offer $13.60

Implied value per DoubleVerify Holdings, Inc. share by analysis, from PJT Partners.

Sources
  • 8-K (EX-99.1) · Aug 6, 2026
  • DEFA14A (EX-99.1) · Aug 6, 2026
  • 8-K/A (EX-99.1) · Aug 7, 2026
  • DEFA14A (EX-99.1) · Aug 7, 2026
  • 8-K · Aug 10, 2026

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.