M&A · Industrials · Women's, Misses': and Juniors Outerwear
Galaxy Universal LLC to acquire Apex Global Brands Inc.
Announced Feb 16, 2021 · Closed Apr 5, 2021
Deal value$1MEV $57M
Premium—To unaffected price
EV / Adj. EBITDA—3.2x EV / Revenue
ConsiderationAll cash$2.00 per share
Transaction
- Acquirer
- Galaxy Universal LLC
- Target
- Apex Global Brands Inc.
- Buyer type
- Strategic
- Offer price per share
- $2.00
- Enterprise value
- $57M
- Status
- Closed Apr 5, 2021
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Houlihan Lokey
Sector context · Industrials
- Comparable deals
- 11 in the prior 24 months
- Premium
- Sector median 21.0%
- EV / Adj. EBITDA
- Sector median 10.0x
- Break fee
- Sector median 2.4%
Timeline
- AnnouncedFeb 16, 2021
- Proxy filedFeb 22, 2021
- Definitive proxyMar 4, 2021
- Shareholder voteMar 31, 2021
- ClosedApr 5, 2021