Brief: Regal Partners Announces Strategic Partnership With Taurus Funds, Group FUM To A$8 Bln

Regal Partners

31/10/2023 23:29

Nov 1 (Reuters) - Regal Partners Ltd  RPL.AX :
    * STRATEGIC PARTNERSHIP WITH TAURUS FUNDS, GROUP FUM TO
A$8BN
    * ENTERED AGREEMENT TO ACQUIRE 50% OF ISSUED ORDINARY SHARES
OF
TAURUS SM HOLDINGS
    * REGAL PARTNERS EXPECTS ACQUISITION TO BE ACCRETIVE TO ITS
EARNINGS PER SHARE IN 2024, PRE ANY SYNERGIES
    * TRANSACTION WILL BE FULLY FUNDED BY CASH AND INVESTMENTS
ON
BALANCE SHEET AND IS EXPECTED TO COMPLETE IN EARLY NOVEMBER 2023
    * DEAL FOR UPFRONT CONSIDERATION OF A$28 MILLION, PLUS NET
DEBT
AND WORKING CAPITAL ADJUSTMENTS, AMONG OTHERS

Source text for Eikon:  ID:nASXbM99PY 
Further company coverage:  RPL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))