Announced
Financials
Tags
private equity
Acquisition
Australia
Public
Pending
Private Equity
Private Equity
Synopsis
Clime Capital, an investment company, offered to acquire CBG Capital, an Australian private equity firm for A$26m ($18m). The offer represents a 10.5% premium to CBG's latest stock price. The offer was expected to provide significant benefits to CBG’s shareholders by giving them exposure to higher yielding securities, a reduced pro-forma management expense ration arising from economies of scale, and an increase in liquidity of shares arising from the larger capital and shareholder base, among others.
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