M&A
confidence high
sentiment neutral
materiality 0.65
e.l.f. Beauty closes acquisition of Naturium for ~$333M total consideration
e.l.f. Beauty, Inc.
- Total consideration: ~$261.34M cash + 577,659 shares of ELF common stock valued at ~$72.02M.
- Cash funded via incremental term loan, revolver borrowings, and balance sheet cash.
- Stock consideration based on $124.6760 per share (10-day VWAP).
- Lock-up restrictions on 67%-80% of stock received; 50% released at six-month anniversary.
- Resale registration statement to be filed for the issued shares.