Agiliti To Be Taken Private By THL Partners; Agiliti Shareholders To Receive $10 Per Share In Cash, Implying An Enterprise Value Of ~$2.5B
Portfolio Pulse from Happy Mohamed
Agiliti Inc. (NYSE:AGTI) is set to go private in a deal with THL Partners, valuing the company at approximately $2.5 billion. Shareholders will receive $10 per share in cash, a significant premium over recent average prices. The deal, recommended by a special committee and approved by the board, is expected to close in the first half of 2024. Agiliti will not host a Q4 and full year 2023 earnings call but will file its annual report by March 15, 2024.
February 26, 2024 | 1:10 pm
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Agiliti Inc. is being acquired by THL Partners for $10 per share, a premium over its recent trading prices, valuing the company at about $2.5 billion. The deal is expected to close in the first half of 2024, after which Agiliti will become private and delist from the NYSE.
The acquisition of Agiliti by THL Partners at a significant premium to its recent trading prices is a strong positive for shareholders, offering immediate liquidity at favorable terms. The transition to a private entity will remove Agiliti from public trading, making this news highly relevant and important for current investors. The confidence in this analysis is high due to the clear terms and approval from the board and majority shareholder.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100