Mindbody (MB) to be acquired by Vista Equity Partners for $1.9 billion

Vista will acquire all outstanding shares of MINDBODY common stock for a total value of approximately $1.9 billion. MINDBODY shareholders will receive $36.50 in cash per share, representing a 68% premium to the unaffected closing price as of December 21, 2018.

  

** charts after   announcement **

Ticker: MB

Mindbody Inc. (MB) announced Monday a deal to be acquired by San Francisco-based private equity firm Vista Equity Partners in a deal valued at $1.9 billion. Shares of the technology platform for the fitness, beauty and wellness industries were inactive prior to a trading halt for news, which is set to be lifted at 8:30 a.m. Under terms of the deal, Vista will pay $36.50 in cash for each Mindbody share outstanding, representing a 68% premium to Friday's closing price of $21.72. The deal is expected to close in the first quarter of 2019, and includes a 30-day "go-shop" period in which Mindbody can solicit other acquisition proposals. Mindbody's stock has tumbled 49% over the past three months through Friday, while the S&P 500 (SPX) has shed 17%.

** charts before  announcement **

  

death cross (daily)

Mindbody (MB) reported earnings on Wed 26 Oct 2016 (a/h)

Ticker: MB

** charts after earnings **

 

SAN LUIS OBISPO, Calif. (AP) _ Mindbody Inc. (MB) on Wednesday reported a loss of $5.9 million in its third quarter.

On a per-share basis, the San Luis Obispo, California-based company said it had a loss of 15 cents. Losses, adjusted for stock option expense, were 9 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The business management software developer posted revenue of $35.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $35 million.

For the current quarter ending in December, Mindbody said it expects revenue in the range of $37.7 million to $38.7 million.

The company expects full-year revenue in the range of $138.5 million to $139.5 million.

Mindbody shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.90, a climb of 11 percent in the last 12 months.

MINDBODY (MB) : 4-month performance

Ticker: MB

MINDBODY (MB) began trading on the NASDAQ on 19 June 2015

Mindbody (MB), the software provider for fitness studios, went public on the Nasdaq on Friday, after raising $100 million in its IPO.

The San Luis Obispo, Ca.-based company provides payments software and online scheduling platforms for 42,000 health and wellness businesses globally and has gained significant traction with yoga studios. Clients include ClassPass, Bikram Yoga, and New York Health & Racquet Club.

Ticker: MB

MINDBODY, Inc. is a company that operates an online wellness services marketplace with over 42,000 local business subscribers. Through its integrated cloud-based business management software and payments platform, the Company enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales. The Company also offers marketing and client retention capabilities to help businesses acquire and retain their clients, and analytics capabilities to help them improve their businesses and plan for the future. It connects consumers with local businesses through its MINDBODY Connect platform, which powers a mobile interface that allows consumers to discover, evaluate, book and pay for wellness services, whether they are near their homes or traveling. Its Connect Workplace offering extends its platform to corporate employers. Its applications and add-ons include MINDBODY Express and Engage by MINDBODY Connect.

Address

4051 Broad St Ste 220
SAN LUIS OBISPO, CA 93401-8723
United States

Website 

http://www.mindbodyonline.com

Key stats and ratios

	Q1 (Mar '15)	2014
Net profit margin	-35.31%	-35.15%
Operating margin	-34.37%	-34.38%
EBITD margin	-	-27.85%
Return on average assets	-43.75%	-47.42%
Return on average equity	-	-
Employees	1,100