M&A · Industrials · Buyer's industry: Agricultural Production-Crops
Local Bounti Corporation to acquire Pete
Announced Mar 15, 2022 · Closed Apr 7, 2022 · Private target
Deal value$123M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Local Bounti Corporation (LOCL)
- Target
- Pete
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Apr 7, 2022
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Barclays
- To the target
- Lincoln International
Classification
- Sector
- Industrials
- Buyer's industry
- Agricultural Production-Crops