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New Deal


Announced

Completed

Altrad Investment acquired Cape for 414m.

Financials

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Transaction Value£414m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.5x
EV/EBITDA5.63x
Share Price Premium-
One Off Charge-

Sources

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Tags

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Maintenance Repair and Overhaul (MRO)

industrial services

United Kingdom

Public

Completed

Friendly

Single Bidder

Private Equity

Synopsis

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French construction equipment maker Altrad Investment acquired UK oil services company Cape for 414m. Altrad’s offer for 265 pence per Cape share represents a premium of 46.2% to the stock’s closing price of 181.25 pence on Thursday. The merger would create a “multidisciplinary” industrial services company operating in a wider range of markets, Altrad said in a statement.

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