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New Deal


Announced

Completed

WEX completed the acquisition of Discovery Benefits for $425m.

Financials

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Transaction Value£330m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales4.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Business Process Outsourcing

employee benefits solutions

United States

Single Bidder

Majority

Friendly

Completed

Synopsis

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WEX, a financial technology service provider, completed the acquisition of Discovery Benefits, a high-growth employee benefits administrator to more than 1m consumers across all 50 states. “This combination strengthens our overall value proposition through new partnerships, integrated products, and the opportunity to offer a more comprehensive set of solutions. We are excited to extend our reach into the rapidly-growing employee benefits market and look forward to building on our track record of success in the healthcare space.” Melissa Smith, WEX CEO.

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