Filing Flows › Remitly Global (RELY) › Takeover & LBO
Is Remitly Global (RELY) a takeover target?
A leveraged buyout at today's price plus 30% ($31.39 a share) would return about 2% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%. Historically 3.9% of companies with its figures were bought within a year (0.77× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $31.39 | today's $24.15 plus 30% |
| × shares | 223.6 million | |
| = Equity value | $7.0B | |
| + Debt refinanced | $2.9M | |
| − Cash | $669M | |
| = Enterprise value | $6.4B | 24.9× EBITDA of $255M |
| Fees | $127M | 2% of the price |
| New debt | $1.4B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $5.1B | 78% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $2.1B | $275M | $107M | $120M | $1.3B |
| Year 2 | $2.2B | $294M | $98.0M | $145M | $1.1B |
| Year 3 | $2.3B | $310M | $86.9M | $170M | $967M |
| Year 4 | $2.4B | $323M | $73.9M | $194M | $772M |
| Year 5 | $2.5B | $333M | $59.1M | $218M | $554M |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 18.6× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $6.2B | |
| − Debt left | $554M | |
| = Buyer's equity | $5.6B | |
| Money multiple | 1.11× | on $5.1B put in |
| Buyer's yearly return (IRR) | 2.1% |
Price against return
What the buyer makes at other premiums over today's $24.15.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $26.57 | 7.2% |
| 20% | $28.98 | 4.4% |
| 30% | $31.39 | 2.1% |
| 40% | $33.81 | 0.0% |
| 50% | $36.22 | −1.9% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $1.9B | |
| EBITDA, last 12 months | $255M | 13.4% of revenue |
| Depreciation and amortization | $26.1M | |
| Capital spending | $14.9M | |
| Debt | $2.9M | |
| Cash | $669M | |
| Share price | $24.15 | 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 12% 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 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Remitly Global would cost about $33.81 a share, $7.6B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 14.7% | $27.70 | $6.2B |
| Median | 40% | $33.81 | $7.6B |
| High end (a quarter paid more) | 60.2% | $38.69 | $8.6B |
The odds, from history
Historically 3.9% of companies with its figures were bought within a year (0.77× 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.
Remitly Global's latest quarter
Remitly Global, Q3 2026: revenue $510M (+22% year over year), operating margin 13.6%, net earnings $67.6M, operating cash flow $93.0M. The chart follows the revenue to costs, profit and cash.
Questions
Is Remitly Global being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Remitly Global?
A leveraged buyout at today's price plus 30% ($31.39 a share) would return about 2% a year to a private-equity buyer over 5 years; no price, however low, gets a buyer to 20%.
What would a takeover of Remitly Global cost?
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Remitly Global would cost about $33.81 a share, $7.6B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.