Brief: Wavestone Buys PEN Partnership For GBP 22.5 Mln In Enterprise Value

Wavestone SA

04/08/2022 07:03

Aug 4 (Reuters) - Wavestone SA  WAVE.PA :
    * ACQUISITION OF PEN PARTNERSHIP, A UK-BASED CONSULTING
FIRM.
    * PURCHASE PRICE IS £22.5M IN ENTERPRISE VALUE, PLUS AN
ADDITIONAL
CONSIDERATION OF UP TO £7.5M CONDITIONED BY PEN PARTNERSHIP'S
PERFORMANCE OVER NEXT 18 MONTHS.
    * THE ACQUISITION HAS BEEN FINANCED BY WAVESTONE'S OWN
FUNDS.
    * PEN PARTNERSHIP WILL BE INTEGRATED IN WAVESTONE'S ACCOUNTS
AS OF
1ST AUGUST 2022.

Source text: https://bit.ly/3So11Bm
Further company coverage:  WAVE.PA 

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