- IPO 3/25/11
ServiceSource Intl: Concentrix Corporation (CNXC) reached a definitive agreement to acquire SREV for $1.50/share in an all-cash transaction valued at approximately $131 million, inclusive of ServiceSource's net cash.
- Expected contribution with synergies of approximately $230 million of revenue and $38 million of adjusted EBITDA in year one, the first twelve months following the acquisition
Transaction value of approximately $131 million, inclusive of approximately $20 million of ServiceSource's net cash as of March 31, 2022, which implies an EV/EBITDA multiple of approximately 3.5x based on expected adjusted EBITDA in year one - Expected accretion to Concentrix' revenue growth rate, EBITDA margin and non-GAAP diluted earnings per common share in year one
- Expected one-time costs related to the transaction of approximately $44 million, which includes approximately $14 million related to ServiceSource's unvested equity awards that will be assumed by Concentrix
- Financed primarily through cash on the Concentrix balance sheet, as well as capacity under Concentrix' existing revolving credit facility
