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New Deal


Announced

Autodesk terminates $3.9bn offer to acquire Altium.

Financials

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Transaction Value£2,760m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales21x
EV/EBITDA53x
Share Price Premium41.5%
One Off Charge-

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Hostile

Australia

Single Bidder

Acquisition

Public

Majority

Software

software development

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Synopsis

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Autodesk, an American multinational software corporation, withdrew its $3.9bn offer to acquire Altium, an Australian-listed software maker. Altium rejected the offer, claiming it undervalued the firm. Autodesk had been looking to leverage Altium’s electronics design software with its engineering and manufacturing software platforms to provide its users with a host of applications under one cloud network.

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