M&A · Tech · Services-Computer Programming Services
Emerson Electric Co to acquire Aspen Technology Inc
Announced Oct 12, 2021 · Closed May 16, 2022
Deal value—
Premium43.5%To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Emerson Electric Co (EMR)
- Target
- Aspen Technology Inc
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed May 16, 2022
Deal protections
- Break fee (target pays)
- $325M
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Goldman Sachs, Centerview
- To the target
- JPMorgan
Sector context · Tech
- Comparable deals
- 42 in the prior 24 months
- Premium
- 43.5% vs. 29.9% sector median
- EV / Adj. EBITDA
- Sector median 18.1x
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedOct 12, 2021
- Proxy filedApr 18, 2022
- Definitive proxyApr 18, 2022
- Shareholder voteMay 16, 2022
- ClosedMay 16, 2022