M&A · Tech · Services-Computer Processing & Data Preparation
Management Group led by Max Wygod to acquire Forian Inc.
Announced Apr 3, 2026 · Closed May 15, 2026
Deal value$68MEV $55M
Premium22.6%To unaffected price
EV / Adj. EBITDA—1.8x EV / Revenue
ConsiderationAll cash$2.17 per share
Transaction
- Acquirer
- Management Group led by Max Wygod
- Target
- Forian Inc. (FORA)
- Buyer type
- Strategic
- Offer price per share
- $2.17
- Enterprise value
- $55M
- Status
- Closed May 15, 2026
Deal protections
- Break fee (target pays)
- $1.5M · 2.2%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Houlihan Lokey
Sector context · Tech
- Comparable deals
- 69 in the prior 24 months
- Premium
- 22.6% vs. 39.0% sector median
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- 2.2% vs. 3.0% sector median
Timeline
- AnnouncedApr 3, 2026
- Tender offerApr 16, 2026
- ClosedMay 15, 2026