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New Deal


Announced

Completed

RJD Partners completed the acquisition of Improve International from Benchmark Holdings for $16m.

Financials

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Transaction Value£12m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1.3x
EV/EBITDA7.5x
Share Price Premium-
One Off Charge-

Tags

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Private

veterinary training

Single Bidder

Outsourced HR and Staffing

Friendly

Acquisition

Completed

United Kingdom

Private Equity

Majority

Mbo

Domestic

Synopsis

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RJD Partners, a private equity firm in London, completed the acquisition of Improve International, which provides CPD training for veterinary professionals, from Benchmark Holdings, the aquaculture genetics, health and specialist nutrition business, for $16m. "The disposal of Improve marks a significant milestone in our programme of disposals and restructuring, which remains a key priority as we seek to re-focus the business on our core aquaculture disciplines and transition from R&D investment into profitability," Trond Williksen, Benchmark CEO.

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