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New Deal


Announced

Pacific Equity Partners to acquire The Citadel Group for $366m.

Financials

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Transaction Value£286m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium43.2%
One Off Charge-

Tags

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Acquisition

Pending

Software

Public

Australia

Private Equity

Domestic

Friendly

software development

Majority

Single Bidder

Synopsis

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Private equity firm Pacific Equity Partners offered to acquire The Citadel Group, an enterprise software and services company, for $366m. "The scheme is an attractive transaction which provides an all-cash option for Citadel shareholders. The Citadel board has unanimously concluded that the scheme represents a compelling outcome for our shareholders, customers, suppliers, and staff," Peter Leahy, Citadel Group Chairman.

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