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Weekly M&A Report – April 17th, 2023

GrowthPoint Technology Partners provides weekly summary and outlook on last week’s technology M&A deal activity:

77 deals announced

Median multiple of 1.5x

$74.9B announced total deal value year to date in technology M&A activity with 1,415 closed transactions announced

Notable deals in technology M&A include:

Emerson to Acquire NI Read More

Emerson (NYSE: EMR) and NI (Nasdaq: NATI) today announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2 billion. Emerson already owns approximately 2.3 million shares of NI, representing approximately 2% of shares outstanding, which were acquired at a weighted average price of $36.84. As a result, Emerson’s effective per share purchase price is $59.61.

Everi to Acquire Video King Read More

Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced that it has entered into a purchase agreement to acquire certain assets of VKGS LLC (“Video King”), a privately-owned leading provider of integrated electronic bingo gaming tablets, video gaming content, instant win games, and systems for cash consideration of approximately $59 million to be paid at closing, subject to customary net working capital adjustments. Everi expects to complete the transaction within 60 days, subject to customary closing conditions. The acquisition, which will include the majority of Video King’s assets, will be funded from existing cash on hand and is expected upon closing to be immediately additive to the Company’s Adjusted EBITDA and Free Cash Flow.

IBM to Acquire Ahana Read More

IBM Corp. has acquired Ahana Cloud Inc., a startup that offers managed and commercial versions of the Presto open-source distributed query engine, for an undisclosed price.

Download the full report below: