M&A · Industrials · Photographic Equipment & Supplies
FG Financial Group, Inc. to acquire FG Group Holdings Inc.
Announced Jan 3, 2024 · Closed Feb 29, 2024
Deal value$32MEV $38M
Premium—To unaffected price
EV / Adj. EBITDA—0.8x EV / Revenue
ConsiderationAll stock$1.60 per share
Transaction
- Acquirer
- FG Financial Group, Inc.
- Target
- FG Group Holdings Inc. (FGH)
- Buyer type
- Strategic
- Offer price per share
- $1.60
- Enterprise value
- $38M
- Status
- Closed Feb 29, 2024
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 78 in the prior 24 months
- Premium
- Sector median 47.1%
- EV / Adj. EBITDA
- Sector median 10.8x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedJan 3, 2024
- Proxy filedJan 29, 2024
- Definitive proxyJan 29, 2024
- Shareholder voteFeb 29, 2024
- ClosedFeb 29, 2024