Brief: Wavestone Signs Agreement To Acquire UK-Based Consulting Firm

Wavestone SA

20/07/2022 07:06

July 20 (Reuters) - Wavestone SA  WAVE.PA :
    * SIGNED A CONDITIONAL AGREEMENT TO ACQUIRE A UK-BASED
CONSULTING
FIRM
    * OVER THE LAST THREE FISCAL YEARS, ACQUIRED COMPANY
GENERATED A
REVENUE IN THE RANGE OF £15M TO £20M
    * THE TRANSACTION WOULD TAKE THE FORM OF THE ACQUISITION BY
WAVESTONE OF 100% OF THE COMPANY'S SHARE CAPITAL
    * PURCHASE PRICE WOULD BE BASED ON AN ENTERPRISE VALUE
REPRESENTING CIRCA 1.5 TIMES 2021/22 ANNUAL REVENUES
    * THE ACQUISITION WOULD BE FINANCED OUT OF WAVESTONE’S OWN
FUNDS
    * APPROXIMATELY 25% OF THE CONSIDERATION WOULD BE SUBJECT TO
THE
FIRM'S PERFORMANCE IN THE 18 MONTHS FOLLOWING COMPLETION
    * THE DEAL IS EXPECTED TO CLOSE IN THE COMING WEEKS.
    * THE COMPANY’S LEADERSHIP TEAM WOULD PLAY A KEY ROLE IN THE
MERGED PRACTICE TO BE FORMED AT THE END OF THE INTEGRATION
PERIOD

Source text: https://bit.ly/3PhNg5g
Further company coverage:  WAVE.PA 

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