Hillenbrand, Inc.: M&A transaction — Hillenbrand completes $590.8M acquisition of Linxis; reports $332M goodwill

Hillenbrand, Inc.

Acquired all Linxis shares for $590.8M cash (€596.2M); enterprise value approx. $566.8M.
Net assets acquired of $595.4M; goodwill of $332M, intangible assets of $243.8M.
SEC granted waiver allowing audited statement of assets/liabilities instead of full financials.
Linxis brands include Bakon, Diosna, Shaffer; serves customers in over 100 countries.
Preliminary purchase price allocation subject to measurement period adjustments.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Hillenbrand, Inc. completed an acquisition involving Linxis Group SAS for total aggregate consideration of $590.8 million (€596.2 million) in cash, reflecting an enterprise value of approximately $566.8 million (€572.0 million) plus c (closed 2022-10-06).

Action: acquisition
Counterparty: Linxis Group SAS
Consideration: total aggregate consideration of $590.8 million (€596.2 million) in cash, reflecting an enterprise value of approximately $566.8 million (€572.0 million) plus c
Closing: 2022-10-06

Exact text from the filing

the Company acquired all of the issued and outstanding shares of Linxis, and Linxis became a wholly owned subsidiary of the Company for total aggregate consideration of $590.8 million (€596.2 million) in cash, reflecting an enterprise value of approximately $566.8 million (€572.0 million) plus cash acquired at closing, subject to post-closing adjustment for

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Source: SEC EDGAR

accession 0001104659-22-129563

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