M&A · Tech · Services-Prepackaged Software
Euronet Worldwide, Inc. to acquire CoreCard Corp
Announced Jul 30, 2025 · Closed Oct 30, 2025
Deal value$248MEV $212M
Premium14.0%To unaffected price
EV / Adj. EBITDA15.4x3.5x EV / Revenue
ConsiderationAll stock$30.00 per share
Transaction
- Acquirer
- Euronet Worldwide, Inc. (EEFT)
- Target
- CoreCard Corp (CCRD)
- Buyer type
- Strategic
- Offer price per share
- $30.00
- Enterprise value
- $212M
- Status
- Closed Oct 30, 2025
Deal protections
- Break fee (target pays)
- $7.5M · 3.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Stifel
Sector context · Tech
- Comparable deals
- 63 in the prior 24 months
- Premium
- 14.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- 15.4x vs. 16.7x sector median
- Break fee
- 3.0% vs. 3.0% sector median
Timeline
- AnnouncedJul 30, 2025
- Proxy filedSep 26, 2025
- Definitive proxySep 26, 2025
- Shareholder voteOct 28, 2025
- ClosedOct 30, 2025
Valuation · fairness opinions
Trading comparables$17.70$26.12
Trading comparables$18.80$27.42
Discounted cash flow$12.53$17.56
Discounted cash flow$16.66$25.67
Trading comparables$108.48$130.89
Offer $30.00
Implied value per CoreCard Corp share by analysis, from Stifel · DCF discount rate 13%–17%.