M&A
confidence high
sentiment neutral
materiality 0.65
Regis files Alline financials; acquisition cost $24.6M with $15M new term loan
REGIS CORP
- Regis acquired 100% of Alline (314 salons) for total consideration of $24.6M: $18.6M cash (net), $3.0M stock, up to $3.0M contingent earnout.
- Concurrent $15.0M term loan amendment added to Regis debt; proceeds used for acquisition consideration.
- Pro forma combined revenue for FY24 (Regis June + Alline Sept) would have been $275.1M vs Regis standalone $203.0M.
- Pro forma net income for FY24 would have been $90.8M (including $94.6M debt extinguishment gain) vs Regis standalone $91.1M.
- Goodwill of $16.6M recorded; preliminary purchase price allocation subject to revision.