Brief: Equita Signs Parnership With CAP Advisory To Strengthen Debt Advisory Services

Equita SpA

18/12/2024 12:21

Dec 18 (Reuters) - Equita Group SpA  EQUI.MI :
    * SIGNS AGREEMENT WITH FABRIZIO VIOLA, FABIO CASSI, MATTEO
PATTAVINA TO ACQUIRE 70% STAKE IN CAP INVEST
    * AGREEMENT SIGNED WITH CAP ADVISORY TO STRENGTHEN GROUP’S
DEBT
ADVISORY SERVICES, CONSOLIDATE EQUITA’S ROLE AS  INDEPENDENT
INVESTMENT BANK
    * TOTAL CONSIDERATION FOR TRANSACTION BASED ON A 9X
PRICE-TO-EARNINGS MULTIPLE – TO BE APPLIED TO AVERAGE 2022-2024
ADJUSTED NET PROFITS OF CAP ADVISORY
    * REMAINING 30% MINORITY STAKE IN CAP ADVISORY TO BE SUBJECT
TO
PUT, CALL OPTIONS WHICH CAN BE EXERCISED FROM JUNE 2028
    * CLOSING EXPECTED BY 30 JUNE 2025, SUBJECT TO BANK OF ITALY
APPROVAL
    * CAP INVEST IS INVESTMENT COMPANY, SOLE-OWNER OF CAP
ADVISORY

Further company coverage:  EQUI.MI 

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