M&A · Tech · Services-Computer Programming Services
Vienna Parent Corporation to acquire TSR Inc
Announced May 15, 2024 · Closed Jun 28, 2024
Deal value$29MEV $19M
Premium73.8%To unaffected price
EV / Adj. EBITDA5.5x0.2x EV / Revenue
ConsiderationAll cash$13.40 per share
Transaction
- Acquirer
- Vienna Parent Corporation
- Target
- TSR Inc
- Buyer type
- Private equity
- Offer price per share
- $13.40
- Enterprise value
- $19M
- Status
- Closed Jun 28, 2024
Deal protections
- Break fee (target pays)
- $1.3M · 4.3%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Tech
- Comparable deals
- 55 in the prior 24 months
- Premium
- 73.8% vs. 46.0% sector median
- EV / Adj. EBITDA
- 5.5x vs. 14.7x sector median
- Break fee
- 4.3% vs. 3.0% sector median
Timeline
- AnnouncedMay 15, 2024
- Tender offerMay 30, 2024
- ClosedJun 28, 2024