Filing Flows › SS&C Technologies Holdings (SSNC) › Takeover & LBO
Is SS&C Technologies Holdings (SSNC) a takeover target?
A leveraged buyout at today's price plus 30% ($101.15 a share) would return about 8% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $69.23 a share (−11% against today's $77.81). Historically 2.3% of companies with its figures were bought within a year (0.47× the average).
The buyout, step by step
| Entry | Amount | How |
|---|---|---|
| Offer price a share | $101.15 | today's $77.81 plus 30% |
| × shares | 242.0 million | |
| = Equity value | $24.5B | |
| + Debt refinanced | $7.6B | |
| − Cash | $435M | |
| + Other claims | $69.8M | preferred stock, minority interests |
| = Enterprise value | $31.7B | 14.0× EBITDA of $2.3B |
| Fees | $634M | 2% of the price |
| New debt | $12.5B | 5.5× EBITDA at 7.65% a year; the limit that binds: 5.5× EBITDA |
| Buyer's own money | $19.8B | 61% of the cost |
5 years under the buyer
| Year | Revenue | EBITDA | Interest | Free cash flow | Debt left |
|---|---|---|---|---|---|
| Year 1 | $7.1B | $2.5B | $955M | $1.2B | $11.3B |
| Year 2 | $7.6B | $2.6B | $861M | $1.4B | $9.8B |
| Year 3 | $8.0B | $2.8B | $751M | $1.7B | $8.2B |
| Year 4 | $8.3B | $2.9B | $624M | $1.9B | $6.3B |
| Year 5 | $8.6B | $3.0B | $482M | $2.1B | $4.2B |
The exit and the buyer's return
| Exit | Amount | |
|---|---|---|
| Exit multiple | 11.5× EBITDA | today's trading multiple, before any premium |
| Enterprise value at exit | $34.0B | |
| − Debt left | $4.2B | |
| = Buyer's equity | $29.8B | |
| Money multiple | 1.50× | on $19.8B put in |
| Buyer's yearly return (IRR) | 8.5% |
Price against return
What the buyer makes at other premiums over today's $77.81; the IRR reaches 20% at $69.23 a share.
| Premium | Price a share | Buyer's IRR |
|---|---|---|
| 10% | $85.59 | 13.2% |
| 20% | $93.37 | 10.7% |
| 30% | $101.15 | 8.5% |
| 40% | $108.93 | 6.5% |
| 50% | $116.72 | 4.7% |
The figures used
| Figure | Amount | |
|---|---|---|
| Revenue, last 12 months | $6.6B | |
| EBITDA, last 12 months | $2.3B | 34.6% of revenue |
| Depreciation and amortization | $720M | |
| Capital spending | $64.5M | |
| Debt | $7.6B | |
| Cash | $435M | |
| Share price | $77.81 | 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 21% 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, SS&C Technologies Holdings would cost about $101.15 a share, $24.5B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 12% | $87.15 | $21.1B |
| Median | 30% | $101.15 | $24.5B |
| High end (a quarter paid more) | 31% | $101.93 | $24.7B |
The odds, from history
Historically 2.3% of companies with its figures were bought within a year (0.47× the average). Its figures put it in decile 1 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.
SS&C Technologies Holdings' latest quarter
SS&C Technologies Holdings, Q3 2026: revenue $1.7B (+8% year over year), operating margin 24.2%, net earnings $198M, operating cash flow $500M. The chart follows the revenue to costs, profit and cash.
Questions
Is SS&C Technologies Holdings being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy SS&C Technologies Holdings?
A leveraged buyout at today's price plus 30% ($101.15 a share) would return about 8% a year to a private-equity buyer over 5 years; the most a buyer could pay for a 20% return is $69.23 a share (−11% against today's $77.81).
What would a takeover of SS&C Technologies Holdings 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, SS&C Technologies Holdings would cost about $101.15 a share, $24.5B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.