Brief: Digital360 Shareholders, Three Hills Capital Partners Close Deal Aimed At Delisting

Digital360 SpA

19/05/2023 11:55

May 19 (Reuters) - Digital360 SpA  DIGT.MI :
    * FOUNDING SHAREHOLDERS, THREE  HILLS CAPITAL PARTNERS FUND
SIGN
INVESTMENT DEAL TO SUPPORT GROUP DEVELOPMENT
    * NEWLY CONSTITUTED D360 HOLDING TO OWN 61.7% OF DIGITAL360
SHARE
CAPITAL
    * CLOSING OF INVESTMENT WILL TRIGGER TAKEOVER BID COMMITMENT
ON
DIGITAL360, AIMED AT DELISTING
    * D360 TO BUY ADDITIONAL 11.7% FROM SHAREHOLDERS, REACHING A
TOTAL
OF ABOUT 73.5% OF DIGITAL360 SHARE CAPITAL
    * Q1 PRO-FORMA REVENUE AT EUR 20.6 MILLION
    * SEES FY EBITDA MARGIN OF 17%
    * SEES REVENUE GROWTH AROUND 20% IN 2023 VERSUS 2022, EBITDA
MARGIN AROUND 17%

Further company coverage:  DIGT.MI 

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