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New Deal


Announced

Xero to acquire Waddle for $57m.

Financials

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Transaction Value£43m
Consideration TypeContingent Deferred Consideration, Ordinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Majority

Consumer Lending

Single Bidder

Australia

lending platform

Acquisition

Pending

Synopsis

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Xero, an accounting software company, agreed to acquire Waddle, a cloud-based invoice lending platform, for $57m. "The acquisition of Waddle is an important step in our strategy to help small businesses better manage cash flow and gain access to working capital," Steve Vamos, Xero CEO.

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