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New Deal


Announced

Completed

Cathexis completed the acquisition of ISG for £33m.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned30%
Capital Bid For70%
EV/Sales-
EV/EBITDA2.86x
Share Price Premium17%
One Off Charge-

Sources

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Tags

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Public

Mbo

Completed

Hostile

Single Bidder

construction services

United Kingdom

Construction Services

Acquisition

Majority

Synopsis

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US-based investment group Cathexis completed the acquisition of ISG, a construction services company, for £33m. The bidder said it believes the offer will provide some certainty to ISG shareholders on realising the value of their holdings and mitigate the inherent risks in ISG's construction business in the UK, which has been hit by troublesome legacy contracts.

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