Talking Deal Prices: Siris to taper Digital River debt multiple; timing favors Safeway IPO

When Siris Capital’s $842 million buyout of Digital River closed in February, the e-commerce software provider opened a new chapter as an ex-public company with a not-too-lofty debt multiple in the mid-6x EBITDA range. And with projected cost savings plus expected revenue growth, the company’s leverage multiple will likely fall, strengthening Digital River’s balance sheet for add-ons or other paths to growth.

ManagersDeals and Exits