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New Deal


Announced

Harwood Capital to acquire HML Holdings for £19m.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.6x
EV/EBITDA6.93x
Share Price Premium27.1%
One Off Charge-

Tags

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Majority

Pending

Domestic

Private Equity

United Kingdom

Public

Single Bidder

property management

Friendly

Acquisition

Real Estate Services

Synopsis

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Private investment manager Harwood Capital agreed to acquire HML Holdings, a residential property management and related services provider, for £19m. HML's directors, who own 4.1m shares, or a roughly 8.87% stake in the company, have irrevocably agreed to vote in favor of the transaction and recommended that shareholders do the same.

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