Brief: Neosperience Buys 51% Of Rhei For EUR 950,691

Neosperience SpA

29/11/2021 06:09

Nov 29 (Reuters) - Neosperience SpA  NSP.MI :
    * ACQUIRES CONTROL (51%) OF RHEI S.R.L.
    * RHEI IS  SOFTWARE COMPANY SPECIALISED IN CUSTOMER
RELATIONSHIP 
MANAGEMENT
    * INITIAL PURCHASE OF 51% OF RHEI'S SHARE CAPITAL BY NSP FOR
EUR
950,691
    * UPON APPROVAL OF FY FINANCIAL STATEMENTS, SELLING
SHAREHOLDERS
WILL  BE GRANTED POSSIBLE EARN-OUT, BASED ON FORMULA LINKED TO
2021 EBITDA WITH MULTIPLE OF 6
    * OPTION TO PURCHASE REMAINING 49% BY JUNE 2022, FOR AMOUNT
CALCULATED BASED ON  EBITDA 2021
    * PUT OPTION WILL  ONLY BE TRIGGERED UPON REACHING EBITDA
2021 OF
MORE THAN EUR 400,000

Further company coverage:  NSP.MI 

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