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Announced

Fundation Group to merge with ODX for $125m.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

saas

Majority

Single Bidder

fintech

Merger

digital origination

Pending

business credits

Private

United States

Acquisition

Friendly

Domestic

Synopsis

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Fundation Group, an origination solutions provider, agreed to merge with ODX, a fintech and software company, for $125m. "ODX and Fundation joining forces allows us to turbocharge our technology roadmap and deliver an expanded set of capabilities to our clients. Linear will equip our clients with flexible technology that is uniquely aided by insights grounded in decades of combined financial services and lending experience," Brian Geary, ODX President.

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