M&A
confidence high
sentiment positive
materiality 0.85
Roper sells majority stake in industrial businesses to CD&R for ~$2.6B upfront cash, retains 49%
ROPER TECHNOLOGIES INC
- Total upfront pre-tax cash proceeds of ~$2.6B; Roper retains 49% minority interest in standalone entity.
- Businesses sold generated ~$940M revenue and ~$260M EBITDA in 2021; include 16 operating brands.
- Transaction expected to close by end of 2022, subject to regulatory approvals; no financing contingency.
- Roper will report these businesses as discontinued operations from Q2 2022; equity method accounting after close.
- After-tax proceeds expand M&A firepower to >$7B; earnout up to $51M if 2022 EBITDA threshold exceeded.