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

Breeze Merger Corporation to acquire TaskUs, Inc.

Announced May 9, 2025 · Terminated Oct 9, 2025

Deal value—
Premium14.7%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$16.50 per share

Transaction

Acquirer
Breeze Merger Corporation
Target
TaskUs, Inc. (TASK)
Buyer type
Strategic
Offer price per share
$16.50
Enterprise value
—
Status
Terminated Oct 9, 2025

Deal protections

Break fee (target pays)
$39.0M
Reverse fee (buyer pays)
—
Go-shop
No-shop
Financing
Committed · JPMorgan

Advisors

To the acquirer
Not disclosed
To the target
Evercore

Sector context · Tech

Comparable deals
60 in the prior 24 months
Premium
14.7% vs. 35.0% sector median
EV / Adj. EBITDA
Sector median 16.7x
Break fee
Sector median 3.1%

Timeline

  1. AnnouncedMay 9, 2025
  2. Proxy filedJul 1, 2025
  3. Definitive proxyAug 8, 2025
  4. Shareholder voteSep 10, 2025
  5. TerminatedOct 9, 2025

Valuation · fairness opinions

Trading comparables$12.20$14.80
Trading comparables$12.70$15.60
Precedent transactions$10.90$26.70
Discounted cash flow$12.40$20.20
Discounted cash flow$5.10$7.50
Offer $16.50

Implied value per TaskUs, Inc. share by analysis, from Evercore.

Sources
  • 8-K · May 9, 2025

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.