Filing Flows › Kulicke & Soffa Industries (KLIC) › Takeover & LBO
Is Kulicke & Soffa Industries (KLIC) a takeover target?
A leveraged buyout at today's price plus 30% ($96.47 a share) would return about 1% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%. Historically 3.8% of companies with its figures were bought within a year (0.76× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $96.47 | today's $74.21 plus 30% |
| × shares | 53.4 million | |
| = Equity value | $5.2B | |
| + Debt refinanced | $0 | |
| − Cash | $517M | |
| = Enterprise value | $4.6B | 32.8× EBITDA of $142M |
| Fees | $92.8M | 2% of the price |
| New debt | $778M | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $4.0B | 84% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $1.0B | $153M | $59.5M | $55.4M | $723M |
| Year 2 | $1.1B | $163M | $55.3M | $67.0M | $656M |
| Year 3 | $1.2B | $172M | $50.2M | $78.5M | $577M |
| Year 4 | $1.2B | $179M | $44.2M | $89.7M | $488M |
| Year 5 | $1.2B | $185M | $37.3M | $100M | $387M |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 24.4× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $4.5B | |
| − Debt left | $387M | |
| = Buyer's equity | $4.1B | |
| Money multiple | 1.04× | on $4.0B put in |
| Buyer's yearly return (IRR) | 0.8% |
Price against return
What the buyer makes at other premiums over today's $74.21.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $81.63 | 5.5% |
| 20% | $89.05 | 3.0% |
| 30% | $96.47 | 0.8% |
| 40% | $103.89 | −1.1% |
| 50% | $111.31 | −2.9% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $950M | |
| EBITDA, last 12 months | $142M | 14.9% of revenue |
| Depreciation and amortization | $16.0M | |
| Capital spending | $14.0M | |
| Debt | $0 | |
| Cash | $517M | |
| Share price | $74.21 | on Oct 30, 2026 |
Fixed rules, the same as the interactive view's starting point: the shares are bought at today's price plus 30%, the company's debt is refinanced and fees take 2%. New debt is the least of 5.5× EBITDA, 65% of the price and the amount whose interest EBITDA covers 2 times, at 7.65% a year (SOFR 3.89% plus the high-yield B spread 3.26% plus 0.5%, rates of Oct 15, 2026). Revenue grows 8.0% in the first year — the company's own rate, held between −3% and +8% — fading to 3% by year 5; the EBITDA margin, depreciation and capital spending stay at today's share of revenue; working capital takes 10% of each year's added revenue; tax is 20% of profit after interest. Every dollar of free cash flow repays debt. After 5 years the buyer sells at today's multiple of EBITDA.
What a takeover could cost
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Kulicke & Soffa Industries would cost about $96.47 a share, $5.2B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 12% | $83.12 | $4.4B |
| Median | 30% | $96.47 | $5.2B |
| High end (a quarter paid more) | 31% | $97.22 | $5.2B |
The odds, from history
Historically 3.8% of companies with its figures were bought within a year (0.76× the average). Its figures put it in decile 4 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Kulicke & Soffa Industries' latest quarter
Kulicke & Soffa Industries, Q3 FY26: revenue $330M (+123% year over year), operating margin 20.7%, net earnings $57.4M, operating cash flow $45.2M. The chart follows the revenue to costs, profit and cash.
Questions
Is Kulicke & Soffa Industries being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Kulicke & Soffa Industries?
A leveraged buyout at today's price plus 30% ($96.47 a share) would return about 1% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%.
What would a takeover of Kulicke & Soffa Industries cost?
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Kulicke & Soffa Industries would cost about $96.47 a share, $5.2B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.