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New Deal


Announced

HLD to acquire a 52.95% stake in Microwave Vision Group from Eximium, BPI France and Seventure Partners for $200m.

Financials

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Transaction Value£152m
Consideration TypeCash
Capital Owned-
Capital Bid For53%
EV/Sales3.9x
EV/EBITDA37.33x
Share Price Premium7.9%
One Off Charge-

Sources

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Tags

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electrical equipment

Single Bidder

Cross Border

Private Equity

France

Electronic Equipment: Pollution Control

Friendly

Acquisition

Pending

Majority

Public

Disposal

Synopsis

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HLD to acquire a 52.95% stake in Microwave Vision Group, designer, manufacturer and distributor of microwave test systems, from previous shareholders Eximium, BPI France and Seventure Partners for $200m. The deal is expected to complete by the end of 2020 and is subject to regulatory approval. On completion, HLD Europe plans to make a mandatory public takeover offer for the remaining shares at $30.6 apiece.

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