Cantaloupe, Inc. (CTLP) entered a merger agreement on June 16, 2025, to be taken private by 365 Retail Markets, LLC in an all-cash deal valued at $848 million.
Under the terms of the agreement, Cantaloupe shareholders will receive $11.20 per share in cash, representing a premium of 17.89% from the stock’s last close.
Cantaloupe is a global technology company that provides digital payment, software, and self-service solutions for the unattended retail market, serving industries like vending, micro-markets, and kiosks.
365 Retail Markets is a provider of unattended retail technology solutions, offering integrated software, payment processing, and point-of-sale hardware for foodservice operators. It is backed by Providence Equity Partners, a private equity firm focused on technology and media investments.
In February, Reuters reported that Cantaloupe was exploring strategic options, including a potential sale or a go-private transaction. The stock was trading at $10.68 before the news.
The deal is expected to close in the second half of 2025.
J.P. Morgan Securities provided financial advice to Cantaloupe, and King & Spalding handled legal matters. For 365 Retail Markets, William Blair gave financial advice, and Weil, Gotshal & Manges took care of legal services.
365 Retail values Cantaloupe at 2.37 times sales.
For a comprehensive view of this M&A transaction, please visit the Deal Metrics page here:
Deal Metrics for the acquisition of Cantaloupe, Inc. (CTLP) by 365 Retail Markets, LLC
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Editor’s Note: Baranjot Kaur contributed to this article