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New Deal


Announced

Silver Lake-backed Vertex withdrew its offer to acquire Pagero for $555m.

Financials

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Transaction Value£441m
Consideration TypePreference Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium77.1%
One Off Charge-

Tags

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Majority

information technology

Public

Friendly

Acquisition

Private Equity

IT Services: Other

Single Bidder

Sweden

Cross Border

Tender Offer

Failed

Synopsis

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Silver Lake-backed Vertex, an indirect tax solutions provider, withdrew its offer to acquire Pagero, an information technology solutions provider, for $555m. Pagero shareholders who had undertaken to accept Vertex’s tender offer have been released from those obligations.

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