Spotlight

16 Jul 2021

Platinum Equity Acquires Ingram Micro

*Financial Information ($USD) Enterprise Value: $7.2 Billion EV/FY20 Revenue: 0.15x Transaction Details Platinum Equity announced that it has completed the acquisition of Ingram Micro Inc. from HNA Group. Ingram Micro’s total enterprise value in the transaction was $7.2 billion, including $5.9 billion in equity value Ingram will retain CEO Alain Monié and...

13 May 2021

NWN Corp. Acquires Carousel Industries

Financial Information ($USD) Not Disclosed Transaction Details NWN Corporation, a leading Cloud Communications Service Provider (CCSP), announced yesterday that it will acquire fellow solutions provider Carousel Industries. Financial terms of the deal were not disclosed. New State Capital Partners, majority stakeholder of NWN since 2015, is backing the transaction which will form a combined company...

13 May 2021

Softchoice Files for IPO

Announcement Details Softchoice Corporation, a leading technology solutions provider in North America, announced yesterday that it has filed a preliminary prospectus for an initial public offering. Softchoice’s common shares will be traded on the Toronto Stock Exchange, although the number of shares and price have not yet been disclosed. Before Toronto-based Softchoice was taken private in...

15 Apr 2021

KKR to Acquire Ensono in $1.7 Billion Deal

Financial Information ($USD) Enterprise Value: $1.7 Billion Transaction Details Global investment firm KKR & Co, Inc. (NYSE: KKR) is acquiring leading hybrid IT services provider Ensono from private equity firms Charlesbank Capital Partners and M/C Partners. While financials have not been disclosed, the transaction is valued at $1.7 billion inclusive of debt, according to Reuters....

12 Apr 2021

Microsoft Acquires Nuance in $19.7 Billion Deal

Financial Information ($USD) Enterprise Value: $19.7 Billion EV/LTM Revenue: 13.97x EV/LTM EBITDA: 89.55x Transaction Details Microsoft (Nasdaq: MSFT) today announced that it will acquire Nuance Communications, Inc. (Nasdaq: NUAN) in an all-cash transaction valued at $19.7 billion. Nuance, a speech recognition and artificial intelligence company, will be acquired for $56.00 per share, approximately 23%...

22 Mar 2021

SYNNEX Announces Merger with Tech Data

SYNNEX Announces Merger with Tech Data Financial Information ($USD) Enterprise Value: $7.2 Billion EV/LTM Revenue: 0.20x EV/LTM EBITDA: 9.50x Transaction Details Leading distributor SYNNEX Corporation (NYSE: SNX) today announced that it will merge with fellow distributor, Tech Data, in a deal worth approximately $7.2 billion, including net debt. The deal creates a distribution...

03 Feb 2021

Jeff Bezos To Step Down as CEO, Replaced By Cloud Chief

News Update Amazon (NASDAQ:AMZN) CEO Jeff Bezos announced yesterday he was stepping down as CEO effective Q3 2021, to be replaced by Amazon Web Services CEO Andy Jassy. Bezos will remain Amazon’s largest shareholder and transition to an Executive Chairman role, where he will continue to be involved in important strategic decisions. Amazon also announced...

13 Jan 2021

martinwolf Celebrates 24 Years

Dear Clients, Partners, and Friends of martinwolf M&A Advisors, In 1997, gas was $1.22 a gallon in the US, Great Britain handed Hong Kong back to China, and the Dow was at less than 8,000. For me, on this date in 1997 I founded this firm. Almost a quarter century later — and after 180+ transactions,...

11 Jan 2021

Staples Announces Offer to Buy Office Depot

*Financial Information ($USD) Enterprise Value: $2.1 Billion EV/LTM Revenue: 0.22x EV/LTM EBITDA: 3.76x Transaction Update Staples announced today that it sent the board of directors for Office Depot (Nasdaq: ODP) a proposal to acquire “100% of the issued and outstanding common stock,” a transaction that it expected...

Spotlight

An archive of past spotlight issues.