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Goldman Sachs affiliate to buy Ebix for $743mn

The deal is worth about $820 million including debt

May 02, 2013 4:27 IST | India Infoline News Service
Nasdaq-listed insurance software maker Ebix Inc on Wednesday agreed to be acquired by an affiliate of Goldman Sachs & Co for about $743 million, according to a media report.

The deal is worth about $820 million including debt, the report added.

According to the terms of the deal, Ebix shareholders will receive $20 per share in cash, an 18% premium to the company’s average daily closing price over the last 30 days.

Ebix is an international supplier of on-demand software and e-commerce services to the insurance industry. The Atlanta-based company has over 30 offices across Brazil, Singapore, Australia, the US, New Zealand, India and Canada.

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