What did Resonetics pay for Memry Corporation / SAES Smart Materials?

Resonetics acquired Memry Corporation / SAES Smart Materials for $907.9M in 2022 (17.2x EBITDA), equivalent to 7.00x revenue. Target revenue was approximately $130.6M. Target EBITDA was approximately $52.7M.

What does Memry Corporation / SAES Smart Materials do?

Memry Corporation / SAES Smart Materials is a medical devices business.

What multiple did Resonetics pay for Memry Corporation / SAES Smart Materials?

17.2x EBITDA and 7.00x revenue, based on disclosed deal value of $907.9M and disclosed financials.

M&A TRANSACTION · 2022

Memry Corporation / SAES Smart Materials acquired by Resonetics

$907.9M· 17.2x EBITDA· 7.00x revenue

Target

Memry Corporation / SAES Smart Materials

Acquirer

Resonetics

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$130.6M

EBITDA

$52.7M

Deal Value

$907.9M

EV/EBITDA

17.2x

Context

This $907.9M acquisition of Memry Corporation / SAES Smart Materials by Resonetics sits in the medical devices sub-vertical. The 17.2x EBITDA multiple paid in 2022 can be compared against the population median for medical devices transactions of similar size on our Medical Devices valuation hub. Resonetics is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices strategic buyer-pool page.

Source

Data sourced from Press release and earnings report. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2022). Memry Corporation / SAES Smart Materials acquired by Resonetics. https://exitvalue.ai/deals/memry-corporation-saes-smart-materials-acquired-by-resonetics-hc-2022-0055