M&A
confidence high
sentiment negative
materiality 0.75
Evertec's Sinqia acquisition: pro forma 9M EPS $0.50, 2022 EPS $2.73, financed with $660M debt
EVERTEC, Inc.
- Purchase price $474.2M ($410.3M cash, 1.2M shares valued at $37.9M, plus $26.0M pre-existing stake).
- Pro forma net income $33.3M (9M 2023) vs Evertec standalone $68.2M; diluted EPS $0.50 vs $1.04.
- Financed with $60M incremental Term A loan and $600M Term B loan at SOFR+3.5%.
- Pro forma revenue $598.4M (9M 2023) vs $500.1M standalone; goodwill increased to $695.0M.
- For FY 2022, pro forma net income $190.7M vs $239.0M standalone; diluted EPS $2.71 vs $3.45.