Brief: Media And Games Invest Signs Transforming Acquisition Of Smaato

Mgi Media and Games Invest Se

13/07/2021 13:34

July 13 (Reuters) - Media and Games Invest SE  M8G.DE :
    * DGAP-ADHOC: MEDIA AND GAMES INVEST SIGNS TRANSFORMING
ACQUISITION OF SMAATO, A LEADING DIGITAL ADVERTISING PLATFORM,
ADDING ON A PRO FORMA FY 2020 BASIS 51% REVENUES AND 140% EBITDA
TO ITS VERVE GROUP
    * MEDIA AND GAMES INVEST PLC - ACQUISITION OF SMAATO'S
PROGRAMMATIC SAAS PLATFORM IS TRANSFORMATIVE FOR MGI'S VERVE
GROUP ADDING SUBSTANTIAL REVENUES AND EBITDA
    * MEDIA AND GAMES INVEST PLC - SMAATO IS VALUED AT AN
ENTERPRISE
VALUE (EV) OF EUR 140 MILLION
    * MEDIA AND GAMES INVEST PLC - EV/EBITDA MULTIPLE OF 10.7X
BASED
ON 2021 FORECAST, AND 6.8X BASED ON EXPECTED RESULTS IN 2022
    * MEDIA AND GAMES INVEST PLC - ACQUISITION WILL BE FULLY
PAID IN
CASH
    * MEDIA AND GAMES INVEST PLC - SMAATO GUIDANCE FOR FY 2021
HAS A
REVENUE OF EUR 39 MILLION WITH AN EXPECTED ADJUSTED. EBITDA OF
EUR 13 MILLION, WHICH REPRESENTS AN ADJUSTED. EBITDA MARGIN OF
33%
    * MEDIA AND GAMES INVEST PLC - PARTIES HAVE AGREED TO AN
ENTERPRISE VALUE OF EUR 140 MILLION

Source text for Eikon:  ID:nEQ5ptdZYa 
Further company coverage:  M8G.DE 

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