M&A · Industrials · Services-Business Services, NEC
Haveli Investments to acquire ZeroFox Holdings, Inc.
Announced Feb 6, 2024 · Closed May 13, 2024
Deal value$350MEV $350M
Premium20.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$1.14 per share
Transaction
- Acquirer
- Haveli Investments
- Target
- ZeroFox Holdings, Inc.
- Buyer type
- Private equity
- Offer price per share
- $1.14
- Enterprise value
- $350M
- Status
- Closed May 13, 2024
Deal protections
- Break fee (target pays)
- $5.3M · 1.5%
- Reverse fee (buyer pays)
- $10.0M · 2.9%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- BTIG, Evercore
- To the target
- Piper Sandler
Sector context · Industrials
- Comparable deals
- 82 in the prior 24 months
- Premium
- 20.0% vs. 45.0% sector median
- EV / Adj. EBITDA
- Sector median 10.8x
- Break fee
- 1.5% vs. 2.8% sector median
Timeline
- AnnouncedFeb 6, 2024
- Proxy filedMar 8, 2024
- Definitive proxyMar 18, 2024
- Shareholder voteApr 30, 2024
- ClosedMay 13, 2024