P10 Inc - Ordinary Shares - Class A

NYSE:PX   3:59:51 PM EDT
10.88
-0.10 (-0.91%)
Earnings Announcements, Mergers / Acquisitions

P10 Announces Agreement To Acquire Western Technology Investment, Market Leader In Venture Debt

Published: 08/26/2022 12:40 GMT
P10 Inc - Ordinary Shares - Class A (PX) - P10 Announces Agreement to Acquire Western Technology Investment, Market Leader in Venture Debt.
P10 Inc - Co Intends to Use Available Cash and Borrowings Under Its Credit Agreement to Fund Cash Portion of Purchase Price.
P10 Inc - Purchase Agreement Includes Additional Earnout Milestones As EBITDA Grows, With Total of $70 Million Available in Earnout Payments.
P10 Inc- Expect Wti Acquisition to Be Accretive to Adjusted Net Income per Share in 2023 and Beyond.
P10 Inc - Wti Employees Will Retain 100% of Carried Interest Generated by Wti Funds.
P10 Inc - Wti Management Will Continue to Run Day-to-day Operations and Oversee All Investment Decisions With No Expected Change in Investment Strategy.
P10 Inc - Co Expects Wti to Contribute More Than $12.5 Million in Adjusted EBITDA in Its First Full Year Following Closing.
P10 Inc - P10 Will Acquire 100% of Outstanding Membership Interests in Wti, in Exchange for $97 Million in Cash and 3.92 Million Membership Units of P10 Intermediate Holdings.
P10 Inc - Expects Wti to Add $1.4 Billion to P10 Fee Paying Assets Under Management in 2023.
Revenue is expected to be $47.24 Million
Adjusted EPS is expected to be $0.20

Next Quarter Revenue Guidance is expected to be $49.98 Million
Next Quarter EPS Guidance is expected to be $0.22

More details on our Analysts Page.