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New Deal


Announced

Hannover to acquire ClearStar for £15m.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium23%
One Off Charge-

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Outsourced HR and Staffing

Public

United States

Private Equity

Pending

Friendly

human resources

Acquisition

Single Bidder

Cross Border

Majority

Synopsis

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An investment vehicle managed by Hannover Investors offered to acquire ClearStar, a technology and service provider that supports background screening for companies, for £15m ($12m). "The Hanover offer provides us with the financial certainty to continue building our business and enable our employees to play a major role in transforming our industry for the benefit of our customers," Barney Quinn, ClearStar Chairman.

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