Agiliti to be acquired by THL affiliate for $10.00/share cash, implied EV ~$2.5B

AGILITI, INC. \DE

THL affiliate to pay $10.00/share cash for shares not already owned; premia of 39% and 43% over 30-day and 90-day VWAP.
Implied enterprise value of approximately $2.5 billion.
Special Committee unanimously recommended; Board approved; CEO rolling over portion of shares/RSUs.
THL Agiliti LLC, holding ~72% of shares, delivered written consent; no further stockholder vote required.
Transaction expected to close in first half of 2024; Agiliti will become private.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AGILITI, INC. \DE entered into Agreement and Plan of Merger with Apex Intermediate Holdco, Inc., and Apex Merger Sub, Inc. (effective 2024-02-26).

Action: entry
Agreement: merger
Counterparty: Apex Intermediate Holdco, Inc., and Apex Merger Sub, Inc.
Effective: 2024-02-26

Exact text from the filing

On February 26, 2024, Agiliti, Inc., a Delaware corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Apex Intermediate Holdco, Inc., a Delaware corporation (“ Parent ”), and Apex Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent (“ Merger Sub ”)

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Source: SEC EDGAR

accession 0001193125-24-045412

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