Australia's Camplify Holdings jumps on acquiring German firm PaulCamper

Camplify Holdings

19/10/2022 05:34

** Shares of Camplify Holdings Ltd  CHL.AX  jump as much as
11.9% to A$2.250, their highest since Sept 19 
    ** The recreational vehicle (RV) marketplace provider enters
into a binding agreement to acquire Germany-based PaulCamper
GmbH
    ** Says deal for an enterprise value of A$47.6 mln ($30.08
mln) with A$1.8 mln paid in cash and A$45.8 mln paid in CHL
Shares at a one-month VWAP being A$1.9624 per share
    ** Says acquisition is EBITDA-accretive at 28.9%
pre-synergies on a pro-forma basis for FY22
    ** Stock down 54.7% this year, as of last close 
    ($1 = 1.5825 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))