M&A
confidence high
sentiment positive
materiality 0.75
Concentrix to acquire ServiceSource for $1.50/share, ~$131M total
Concentrix Corp
- All-cash deal valued at ~$131M, including ~$20M net cash; $1.50/share price.
- Expected year-one contribution: ~$230M revenue and ~$38M adjusted EBITDA.
- Implied EV/EBITDA multiple ~3.5x based on expected year-one adjusted EBITDA.
- Closing expected in H2 FY2022, subject to ServiceSource shareholder and regulatory approvals.
- Edenbrook Capital and Archon Capital, owning ~31% of SREV shares, agreed to vote in favor.