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Deal Summary
Primary Transaction
Status Closed Acquisition of Equity Stake
Feature
Announced Date Aug-01-2013 Bid Made Date -
Letter of Intent Date - Effective Date -
Definitive Agreement Date Aug-01-2013 Closed Date Aug-01-2013
CIQ Transaction ID IQTR244942329 Cancelled Date -
Sell-side Participants
Advanced Software Design
Company Name: Primary Industry: Application Software
Corporation
Headquarters: Canada
Buy-side Participants
Buyer Company: ARGO Data Resource Corporation
Deal Values
Total Consideration to Total Transaction Size (£
- -
Shareholders (£ mm) mm)
Implied Equity Value (£ Implied Enterprise Value
- -
mm) (£ mm)
Implied Enterprise Implied Enterprise
- -
Value/LTM Revenue Value/NTM Revenue
Implied Enterprise Implied Enterprise
- -
Value/LTM EBITDA Value/NTM EBITDA
Implied Enterprise Implied Enterprise
- -
Value/LTM EBIT Value/NTM EBIT
Implied Equity Value/LTM
- Offer Price/NTM Earnings -
Net Income
Implied Equity Value/Book Offer Price/Forward Book
- -
Value Value
Synopsis
Comments
ARGO Data Resource Corporation acquired Advanced Software Design Corporation on August 1, 2013. Ted Koffman, John
Boscariol, TJ Kang, Robin Mahood, Brian O'Neill and Donovan Plomp of McCarthy Tétrault LLP acted as legal advisors to
ARGO Data Resource Corporation. Don J. Mcdermett of Baker Botts LLP acted as legal advisor to ARGO Data Resource.
Deal Resolution
ARGO Data Resource Corporation completed the acquisition of Advanced Software Design Corporation on August 1, 2013.
Advisors
Advisor Name Client Name Role Fee(£) Fee Percentage (%)
Baker Botts L.L.P. ARGO Data Resource Corporation Legal Advisor - -
McCarthy Tétrault LLP ARGO Data Resource Corporation Legal Advisor - -
Transaction Details
Features
Cross-Border, Terms Not Disclosed
Change of Control Yes Deal Approach Unsolicited
Minority/Majority Stake Majority Deal Attitude Friendly
Accounting Method Purchase Acquisition Special Committee -
Sell-side Termination Fee Sell-side Termination Fee
- -
(£ mm) (%)
Buy-side Termination Fee Buy-side Termination Fee
- -
(£ mm) (%)
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Consideration Summary
Consideration Type
Unknown
Offered Current/Final
Date Aug-01-2013 Date Aug-01-2013
Transaction Values
Offered Current/Final
Exchange Rate 0.659 Exchange Rate 0.659
Consideration to Consideration to
- -
Shareholders (£ mm) Shareholders (£ mm)
Other Consideration (£ Other Consideration (£
- -
mm) mm)
Total Earnouts (£ mm) - Total Earnouts (£ mm) -
Total Total
Rights/Warrants/Options - Rights/Warrants/Options -
(£ mm) (£ mm)
Net Assumed Liabilities (£ Net Assumed Liabilities (£
- -
mm) mm)
Adjustment Size (£ mm) - Adjustment Size (£ mm) -
Total Net Transaction Total Net Transaction
- -
Value (£ mm) Value (£ mm)
Total Cash & Short Term Total Cash & Short Term
- -
Investments (£ mm) Investments (£ mm)
Total Gross Transaction Total Gross Transaction
- -
Value (£ mm) Value (£ mm)
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