Cantaloupe: Enters Acquisition Deal with 365 Retail Markets for $848 Million
Deal News | Jun 16, 2025 | Providence Equity Partners Inc
Cantaloupe, Inc., a leader in self-service commerce technology, announced a definitive agreement to be acquired by 365 Retail Markets, LLC in an all-cash deal valued at approximately $848 million. The deal provides Cantaloupe shareholders with $11.20 per share, marking a 34% premium to the unaffected stock price. This acquisition, backed by Providence Equity Partners, aims to leverage the complementary strengths of Cantaloupe and 365 Retail Markets to offer a comprehensive unattended retail platform globally. This strategic partnership is expected to drive growth, enhance product offerings, and unlock significant synergies. The transaction has received approval from Cantaloupe’s Board of Directors and is anticipated to close in the second half of 2025, pending customary conditions and shareholder and regulatory approvals.
Sectors
- Technology
- Retail
- Private Equity
Geography
- United States – Cantaloupe, 365 Retail Markets, and Providence Equity Partners are all headquartered in the U.S., making it the primary geography for this transaction.
- North America – The combined company's growth strategy includes expanding its footprint across North America.
- Europe – Providence Equity Partners invests across North America and Europe, indicating a strategic target region for growth.
Industry
- Technology – Both Cantaloupe and 365 Retail Markets are heavily involved in technology-driven solutions for unattended retail markets.
- Retail – The acquisition focuses on expanding offerings in unattended retail environments, which include micro-markets and self-checkout solutions.
- Private Equity – Providence Equity Partners, a private equity firm, is involved in supporting the acquisition.
Financials
- $848 million – The equity value of the all-cash transaction for acquiring Cantaloupe.
- $11.20 per share – The cash consideration Cantaloupe shareholders will receive per share, a 34% premium over the unaffected stock price.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cantaloupe, Inc. | Target | Company | A technology leader offering end-to-end solutions for self-service commerce. |
| 365 Retail Markets, LLC | Bidding Company | Company | A leading innovator in unattended retail technologies. |
| Providence Equity Partners L.L.C. | Private Equity Firm | Company | A private equity firm focused on growth investments in media, communications, education, and technology companies. |
| J.P. Morgan Securities LLC | Financial Advisor to Cantaloupe | Company | |
| King & Spalding LLP | Legal Counsel to Cantaloupe | Company | |
| William Blair | Financial Advisor to 365 | Company | |
| Weil, Gotshal & Manges LLP | Legal Counsel to 365 and Providence | Company |