Brief: Unifiedpost Group To Acquire 21 Grams, AKTI And BanqUP

Banqup SA

23/12/2020 06:07

Dec 23 (Reuters) - Unifiedpost Group SA  UPG.BR :
    * ANNOUNCES ACQUISITIONS SUPPORTING THE PAN-EUROPEAN GROWTH STRATEGY
    * THE COMPANY ANNOUNCES THE ACQUISITION OF 21 GRAMS, AKTI AND BANQUP
    * BY THESE TRANSACTIONS UNIFIEDPOST GROUP FURTHER DEVELOPS ITS ONE-STOP-SHOP
PLATFORM AND EXPANDS ITS ACTIVITIES FROM FIFTEEN TO TWENTY EUROPEAN COUNTRIES
    * THE PARTIES HAVE EXPRESSED THEIR INTENTION TO COMPLETE THE TRANSACTION
DURING
JANUARY 2021
    * ON 21 GRAMS: WILL FINANCE THE ACQUISITION 7% BY SHARES AND 93% BY CASH.
VALUATION WAS BASED ON A MULTIPLE OF 7.5 X EBITDA OF 2020
    * ON BANQUP: UNIFIEDPOST GROUP WILL FINANCE ACQUISITION 50% THROUGH SHARES
AND 50%
THROUGH CASH. VALUATION WAS BASED ON MULTIPLE OF 7.5 X REVENUE OF 2020
    * ON AKTI: WILL FINANCE ACQUISITION 85% BY SHARES AND 15% BY CASH. VALUATION
WAS
BASED ON A MULTIPLE OF 3.9 X REVENUE OF 2020


Further company coverage:  UPG.BR 

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