M&A · Tech · Services-Prepackaged Software
Aptean, Inc. to acquire Logility Supply Chain Solutions, Inc
Announced Jan 24, 2025 · Closed Apr 4, 2025
Deal value$482MEV $437M
Premium30.1%To unaffected price
EV / Adj. EBITDA28.1x4.3x EV / Revenue
ConsiderationAll cash$14.30 per share
Transaction
- Acquirer
- Aptean, Inc.
- Target
- Logility Supply Chain Solutions, Inc (LGTY)
- Buyer type
- Strategic
- Offer price per share
- $14.30
- Enterprise value
- $437M
- Status
- Closed Apr 4, 2025
Deal protections
- Break fee (target pays)
- $24.5M · 5.1%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Lazard
- Lazard fee
- $9.8M
Sector context · Tech
- Comparable deals
- 60 in the prior 24 months
- Premium
- 30.1% vs. 37.0% sector median
- EV / Adj. EBITDA
- 28.1x vs. 16.3x sector median
- Break fee
- 5.1% vs. 3.1% sector median
Timeline
- AnnouncedJan 24, 2025
- Proxy filedFeb 21, 2025
- Definitive proxyMar 4, 2025
- Shareholder voteApr 3, 2025
- ClosedApr 4, 2025
Valuation · fairness opinions
Discounted cash flow$12.75$17.28
Trading comparables$10.00$14.35
Trading comparables$7.57$9.73
Precedent transactions$12.89$16.98
Precedent transactions$9.74$12.43
Offer $14.30
Implied value per Logility Supply Chain Solutions, Inc share by analysis, from Lazard · DCF discount rate 11%–14%.