Filing Flows › Insight Enterprises (NSIT) › Takeover & LBO
Is Insight Enterprises (NSIT) a takeover target?
A leveraged buyout at today's price plus 30% ($205.40 a share) would return about 5% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $131.01 a share (−17% against today's $158.00). Historically 2.8% of companies with its figures were bought within a year (0.56× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $205.40 | today's $158.00 plus 30% |
| × shares | 29.8 million | |
| = Equity value | $6.1B | |
| + Debt refinanced | $1.5B | |
| − Cash | $398M | |
| = Enterprise value | $7.2B | 15.0× EBITDA of $481M |
| Fees | $145M | 2% of the price |
| New debt | $2.6B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $4.7B | 64% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $9.7B | $519M | $202M | $157M | $2.5B |
| Year 2 | $10.4B | $554M | $190M | $196M | $2.3B |
| Year 3 | $11.0B | $585M | $175M | $237M | $2.1B |
| Year 4 | $11.4B | $610M | $157M | $278M | $1.8B |
| Year 5 | $11.8B | $628M | $136M | $318M | $1.5B |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 12.1× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $7.6B | |
| − Debt left | $1.5B | |
| = Buyer's equity | $6.1B | |
| Money multiple | 1.30× | on $4.7B put in |
| Buyer's yearly return (IRR) | 5.3% |
Price against return
What the buyer makes at other premiums over today's $158.00; the IRR reaches 20% at $131.01 a share.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $173.80 | 10.2% |
| 20% | $189.60 | 7.6% |
| 30% | $205.40 | 5.3% |
| 40% | $221.20 | 3.3% |
| 50% | $237.00 | 1.5% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $9.0B | |
| EBITDA, last 12 months | $481M | 5.3% of revenue |
| Depreciation and amortization | $114M | |
| Capital spending | $28.0M | |
| Debt | $1.5B | |
| Cash | $398M | |
| Share price | $158.00 | on Nov 6, 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 30% 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 on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Insight Enterprises would cost about $209.35 a share, $6.2B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 20% | $189.60 | $5.7B |
| Median | 32.5% | $209.35 | $6.2B |
| High end (a quarter paid more) | 51.8% | $239.84 | $7.2B |
The odds, from history
Historically 2.8% of companies with its figures were bought within a year (0.56× the average). Its figures put it in decile 2 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.
Insight Enterprises' latest quarter
Insight Enterprises, Q3 2026: revenue $2.4B (+22% year over year), operating margin 2.8%, net earnings $22.2M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
Questions
Is Insight Enterprises being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Insight Enterprises?
A leveraged buyout at today's price plus 30% ($205.40 a share) would return about 5% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $131.01 a share (−17% against today's $158.00).
What would a takeover of Insight Enterprises cost?
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Insight Enterprises would cost about $209.35 a share, $6.2B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.