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writser's avatar

Comment from the EVO call today: "We're also progressing well with the Galaxy acquisition, and we expect to close the transaction during the second half of 2025".

From an IRR perspective it is probably desirable that the deal closes. But secretly I'm kind of curious where it is going to trade in case of a deal break. Would be less profitable (at least in the short run) but more interesting!

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Dealint's avatar

Well, closing guidance is 2nd half 2025 now, possibly due to multiple ongoing country/state/tribal reviews. EVO appears to have had some regulatory trouble recently, and there were even some objections raised by unions related to a massive labour dispute in Georgia (the country).

Meanwhile, 1Q'25 revenue declined again, EBITDA was flat, so tough to say where the downside could be.

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