M&A
confidence high
sentiment neutral
materiality 0.75
Lesaka completes Adumo acquisition for ~$93.6M; pro forma revenue $619M, net loss $19.1M
LESAKA TECHNOLOGIES INC
- Purchase consideration $93.6M includes $80.9M in Lesaka shares and $12.8M cash.
- Pro forma combined revenue $619M, net loss $19.1M; diluted EPS loss $0.23.
- Goodwill increased by $76.7M and intangible assets by $21.6M via purchase accounting.
- Adumo contributed $54.8M revenue and $0.6M net income to pro forma (ex-items).
- Lesaka issued ~17M shares and paid $12.8M cash to sellers at closing.