ROPER TECHNOLOGIES INC (ROP): M&A transaction — Roper completes sale of 51% of industrial businesses to CD&R for $828.75M

ROPER TECHNOLOGIES INC

Roper sold ~51% equity interest in RIPIC TopCo to CD&R Tree Delaware Holdings for $828.75M.
Roper retains 49% equity; sellers eligible for earnout up to $51M based on 2022 EBITDA.
Business incurred $2.012B in new debt; $1.775B distributed to RIPIC TopCo at closing.
Sold industrial businesses include 15 brands across Process Tech and M&A Solutions segments.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ROPER TECHNOLOGIES INC completed a disposition involving CD&R Tree Delaware Holdings, L.P. for $828.75 million (closed 2022-11-22).

Action: disposition
Counterparty: CD&R Tree Delaware Holdings, L.P.
Consideration: $828.75 million
Closing: 2022-11-22

Exact text from the filing

to the pre-Closing restructuring of RIPIC TopCo in the aggregate amount of $1,775 million in cash. Pursuant to the Equity Purchase Agreement, Buyer paid a purchase price of $828.75 million to the Sellers in exchange for approximately 51% of the total outstanding equity of RIPIC TopCo at the Closing. In addition, the Sellers are entitled to an earnout payment from

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Source: SEC EDGAR

accession 0000882835-22-000076

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