AGILYSYS INC (AGYS): M&A transaction — Agilysys acquires Book4Time for $150M cash, expands spa management SaaS leadership

AGILYSYS INC

Total consideration $150M cash, funded by cash on hand and $50M drawn from a new $75M credit facility with Bank of America.
Book4Time is the global leader in spa management SaaS, serving more Forbes 5-Star-rated spas than any other solution.
Acquisition at ~9x revenue multiple; minimal customer overlap with Agilysys, creating cross-sell opportunities.
Book4Time operates in over 100 countries; named 2024 HotelTechAward Winner for Best Spa Management Software.
Impact on FY2025 guidance to be discussed on Q2 earnings call in October 2024.

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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

AGILYSYS INC completed an acquisition involving Book4Time Parent, Inc..

Action: acquisition
Counterparty: Book4Time Parent, Inc.

Exact text from the filing

The closing of the Acquisition contemplated by the Purchase Agreement occurred on the Effective Date.

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Source: SEC EDGAR

accession 0000950170-24-099141

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