Transaction · B2B Payments · 2021

Glantus / Meridian Cost Benefit 2021

Glantus Holdings acquired Meridian Cost Benefit on November 26, 2021.

Target
Meridian Cost Benefit
Acquirer
Glantus Holdings
Announced
November 26, 2021
Sub-sector
B2B Payments

Transaction overview

  • Glantus Holdings announced the acquisition of Meridian Cost Benefit on November 26, 2021.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Acquire accounts payable software expertise and government/semi-state customer relationships in EMEA, plus sales talent to support group expansion.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 26, 2021
Acquirer
Glantus Holdings (Strategic)
Sub-sector
B2B Payments

Frequently asked questions

When did Glantus Holdings announce the acquisition of Meridian Cost Benefit?

Glantus Holdings announced the acquisition of Meridian Cost Benefit on November 26, 2021.

What sub-sector is Meridian Cost Benefit in?

Meridian Cost Benefit is tracked in the B2B Payments sub-sector.

Sources

  • lse.co.uk /media/aim-fintech-glantus-holdings-successfully-rolling-out-buy-and-build-strategy-says-ceo-maurice-healy.html