Lightspeed Commerce sells U.S. hospitality business to Skyview Equity for up to $81 million
Updated
Updated · MarketWatch · Apr 29
Lightspeed Commerce sells U.S. hospitality business to Skyview Equity for up to $81 million
11 articles · Updated · MarketWatch · Apr 29
The deal includes $44 million in cash and up to $37 million in earnouts over 24 months, covering 3,200 customer locations and 70 employees.
Lightspeed expects the sale to boost its revenue and gross profit growth, enhance capital flexibility, and support share buybacks, merchant cash advances, and product investments.
The company will retain its analytics technology, maintain its focus on North American retail and European hospitality, and anticipates reporting financial results above previous forecasts on May 21.
Why did Lightspeed sell a $140M revenue business for just $44M upfront?
After this sale, is Lightspeed's aggressive acquisition era officially over?
With Lightspeed out, who will now dominate the U.S. restaurant tech war?
Is Lightspeed's retreat from the U.S. a sign of a market bubble popping?
Can a private equity owner revive Upserve against market leader Toast?