Brief: Midsona To Acquitre All Shares In Vitality

Midsona AB

20/08/2021 10:05

Aug 20 (Reuters) - Midsona AB  MSONb.ST :
    * MIDSONA STRENGTHENS ITS POSITION IN FINLAND THROUGH
ACQUISITION
    * HAS TODAY ENTERED INTO AN AGREEMENT TO ACQUIRE ALL SHARES
IN
FINNISH COMPANY VITALITY AND OY (VITALITY), A LEADING PROVIDER
IN CONSUMER HEALTH
    * PURCHASE PRICE AMOUNTS TO APPROXIMATELY SEK 116 MLN (EUR
11.4
MLN) ON A DEBT-FREE/CASH-FREE BASIS
    * CLOSING IS PLANNED TO TAKE PLACE OCTOBER 1, 2021
    * SELLERS ARE PRIMO CAPITAL (KIM POMOELL), JUURI FUND AND
KEY
PERSONNEL WITHIN VITALITY GROUP
    * SELLERS ARE PRIMO CAPITAL (KIM POMOELL), JUURI FUND AND
KEY
PERSONNEL WITHIN VITALITY GROUP
    * PURCHASE PRICE REPRESENTS AN ENTERPRISE VALUE MULTIPLE OF
APPROXIMATELY 6.8 X ADJUSTED EBITDA FOR 2020
    * MIDSONA HAS NECESSARY FUNDS TO FINANCE ACQUISITION
    * TOTAL PURCHASE PRICE OF APPROXIMATELY SEK 116 MLN (EUR
11.4
MLN), ON A DEBT FREE/CASH FREE BASIS, WILL BE PAID IN CASH AT
CLOSING
    * IN 2020, VITALITY GROUP HAD NET SALES OF APPROXIMATELY SEK
146
MLN (EUR 13.8 MLN) AND ADJUSTED EBITDA OF APPROXIMATELY SEK 17
MLN (EUR 1.7 MLN).

Source text for Eikon:  ID:nWkr9GklMS 
Further company coverage:  MSONb.ST 

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