M&A · Financials · Savings Institutions, Not Federally Chartered
APCU/Center Parc Credit Union to acquire Affinity Bancshares, Inc.
Announced May 30, 2024 · Terminated
Deal value$144M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$22.50 per share
Transaction
- Acquirer
- APCU/Center Parc Credit Union
- Target
- Affinity Bancshares, Inc. (AFBI)
- Buyer type
- Strategic
- Offer price per share
- $22.50
- Enterprise value
- —
- Status
- Terminated
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Hovde Group
- To the target
- Performance Trust
Sector context · Financials
- Comparable deals
- 57 in the prior 24 months
- Premium
- Sector median 34.0%
- EV / Adj. EBITDA
- Sector median 15.6x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedMay 30, 2024
- Proxy filedAug 15, 2024
- Definitive proxySep 18, 2024
- Shareholder voteNov 4, 2024
- Terminated—