Blackline Safety Enters into Definitive Agreement to be Acquired by Francisco Partners for up to $850 Million

Image for article Blackline Safety Enters into Definitive Agreement to be Acquired by Francisco Partners for up to $850 Million
News Source : Financial Post

News Summary

  • Blackline Safety Corp. announced today that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with an affiliate of Francisco Partners Management, L.P.
  • The Purchaser will acquire all of the issued and outstanding common shares of the Company for up to $9.50 per Share.
  • The Cash Consideration and Total Consideration (assuming the maximum cash payment of the CVR) represent an aggregate fully diluted equity value of approximately $804 million and $850 million, respectively.
BDT & MSD Partners is acting as financial advisor to DAK and the Lowy Family Group. Osler, Hoskin & Harcourt LLP is acting as legal advisor to DAK. Blake, Cassels & Graydon LLP is acting [+9538 chars]

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