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New Deal


Announced

Cryptyde to acquire Forever 8 Fund for $93m.

Financials

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Transaction Value£80m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

FinTech

e-commerce solutions

Private

United States

Majority

Pending

financial technology

Acquisition

Domestic

Friendly

Synopsis

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Cryptyde, a blockchain technology company focused on consumer adoption of smart contract technologies, agreed to acquire Forever 8 Fund, an e-commerce fintech company, for $93m. "Forever 8 fills a crucial need for anyone selling products on the internet. They have proven there is a demand for their financing model with impressive growth over the past 18 months. This is a phenomenal opportunity for us as Cryptyde begins to develop and deploy its core suite of products that will help power the future of Web3," Brian McFadden, Cryptyde President and CEO.

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