Shift4 to Acquire Givex in C$200 Million Deal

Author

Slice of Finance Team
05 Sep

Key Highlights:

  • Shift4 to acquire Givex for C$200M, offering C$1.50 per share.

  • 64% premium over Givex’s 20-day VWAP.

  • The transaction enhances Shift4's customer base and value proposition.

  • Givex Board unanimously recommends shareholder approval.

  • Deal expected to close by November 2024, subject to conditions.

Source (PR Newswire)

Notable Quotes:

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"The Givex Team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers."

Don Gray, CEO at Givex
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"Givex has a considerable footprint around the world which will dramatically increase Shift4's overall customer base."

Taylor Lauber, President at Shift4

Our Take:

This acquisition of Givex by Shift4 is a strategic move, blending Givex's global gift card and loyalty solutions with Shift4’s robust payment technology. The 64% premium showcases the value placed on Givex's offerings, particularly in enhancing customer engagement and retention. With both companies benefiting from expanded services, this acquisition positions Shift4 to further solidify its market presence, unlocking new growth opportunities globally.