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Sports Betting: FanDuel Parent Wields M&A To Expand

Global Finance

Snaitech generated $285 million of adjusted EBITDA in 2023 and NSX is expected to report $34 million of adjusted EBITDA for 2024, according to New York-based investment bank Needham & Company. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025.

EBITDA 75
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Noninvasive Treatment Provider Neuronetics Agrees To Merge With Canadian Firm Greenbrook TMS; Reports Q2 Earnings And Guidance Below Expectations

Benzinga

Additionally, the combined company expects mid-teens year-over-year revenue growth in fiscal years 2025 and 2026. Through optimizing marketing spend and back office functions, the combined company expects to realize at least $15 million of annualized cost savings, most of which will be realized in fiscal year 2025.

EBITDA 52
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Bel Closes Its Previously Announced Acquisition of Enercon Technologies

Benzinga

Bel has acquired an 80% stake upfront for $320 million (subject to customary adjustments), plus up to $10 million of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance.

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Anheuser-Busch InBev: Uncorking the success of the brewery giant despite problems with FIFA World Cup 2022 sponsorship deal

Valutico

The company also was able to increase its EBITDA by 6.5% with an overall EBITDA margin of 35.2%. To pay for the damage, Anheuser-Busch InBev wants to cut €39 billion from its 2026 World Cup deal in North America, which is currently worth €107 billion. billion which is an increase of 5.7% compared to last year’s Q3.

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Anheuser-Busch InBev: Uncorking the success of the brewery giant despite problems with FIFA World Cup 2022 sponsorship deal

Valutico

The company also was able to increase its EBITDA by 6.5% with an overall EBITDA margin of 35.2%. To pay for the damage, Anheuser-Busch InBev wants to cut €39 billion from its 2026 World Cup deal in North America, which is currently worth €107 billion. billion which is an increase of 5.7% compared to last year’s Q3.

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Altus Group Announces Agreement to Sell Property Tax Business to Ryan, LLC

Benzinga

2023 Adjusted EBITDA multiple for the business segment and over 16x 2023 Free Cash Flow* (over 14x net proceeds). pro forma Funded debt to EBITDA ratio. Pro forma financial performance is expected to be in-line with other leading software, data and analytics companies. million as at the end of March 31, 2024) to target 2.5x

EBITDA 45
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Parsons Completes Acquisition of BCC Engineering

Benzinga

The acquisition strengthens Parsons' position as an infrastructure leader while expanding the company's reach in the Southeastern United States, an area where the Infrastructure Investment and Jobs Act (IIJA) provided approximately $100 billion in Federal Highway Administration formula dollars for fiscal years 2022-2026.

EBITDA 40