M&A · Tech · Services-Computer Programming Services
Cegeka Groep NV to acquire Computer Task Group Inc
Announced Aug 9, 2023 · Closed Dec 13, 2023
Deal value$170MEV $151M
Premium—To unaffected price
EV / Adj. EBITDA13.3x0.5x EV / Revenue
ConsiderationAll cash$10.50 per share
Transaction
- Acquirer
- Cegeka Groep NV
- Target
- Computer Task Group Inc
- Buyer type
- Strategic
- Offer price per share
- $10.50
- Enterprise value
- $151M
- Status
- Closed Dec 13, 2023
Deal protections
- Break fee (target pays)
- $7.2M · 4.3%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Stifel
- To the target
- Raymond James
Sector context · Tech
- Comparable deals
- 63 in the prior 24 months
- Premium
- Sector median 43.5%
- EV / Adj. EBITDA
- 13.3x vs. 17.8x sector median
- Break fee
- 4.3% vs. 3.0% sector median
Timeline
- AnnouncedAug 9, 2023
- Tender offerAug 23, 2023
- ClosedDec 13, 2023