M&A · Industrials · Household Appliances
BDT Capital Partners LLC to acquire Weber Inc.
Announced Dec 12, 2022 · Closed Feb 21, 2023
Deal value$3.70BEV $3.70B
Premium60.0%To unaffected price
EV / Adj. EBITDA—2.1x EV / Revenue
ConsiderationAll cash
Transaction
- Acquirer
- BDT Capital Partners LLC
- Target
- Weber Inc.
- Buyer type
- Private equity
- Offer price per share
- —
- Enterprise value
- $3.70B
- Status
- Closed Feb 21, 2023
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Centerview
Sector context · Industrials
- Comparable deals
- 80 in the prior 24 months
- Premium
- 60.0% vs. 47.4% sector median
- EV / Adj. EBITDA
- Sector median 11.2x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedDec 12, 2022
- Proxy filedJan 17, 2023
- Definitive proxyJan 30, 2023
- Shareholder vote—
- ClosedFeb 21, 2023
Valuation · fairness opinions
Discounted cash flow$5.92$9.79
Trading comparables$4.31$7.96
Implied value per Weber Inc. share by analysis, from Centerview · DCF discount rate 9.5%–11%.