trending Market Intelligence /marketintelligence/en/news-insights/trending/0q8hnRy5Gy_QLeR7cNIrYQ2 content esgSubNav
In This List

RealPage gets antitrust clearance for Lease Rent Options acquisition

Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Webinar Rewind - Tech In Banking: Financial Services & Tech Companies at the Crossroads, Part 1

Blog

Making sanctions effective: Key themes for banks

Blog

Banking Essentials: July 6th edition


RealPage gets antitrust clearance for Lease Rent Options acquisition

RealPage Inc. has received antitrust clearance from the U.S. Justice Department for its acquisition of Lease Rent Options, a revenue management service.

The deal, which had been originally expected to close in the second quarter, is now expected to close in December, with integration to complete during 2018.

RealPage is paying $300 million in cash, subject to working capital adjustments and post-acquisition indemnification claims. RealPage expects Lease Rent Options to generate revenue of about $40.3 million and adjusted EBITDA of about $12.0 million for 2017. The company expects the purchase price valuation to represent about 12x adjusted EBITDA on a run-rate basis after integration is complete.