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Announced

HRL Morrison & Co to acquire the majority stake in Fore Freedom from Ancala Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Acquisition

Netherlands

Private

application software

Majority

Private Equity

Cross Border

Friendly

Single Bidder

Pending

Synopsis

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HRL Morrison & Co, an investment management firm, agreed to acquire the majority stake in Fore Freedom, a Dutch fibre network platform, from Ancala Partners, an infrastructure investment manager. Financial terms were not disclosed. “We have enjoyed working with Ancala Partners over the past two years. The access to capital and operational experience they have provided has allowed us to transform Fore Freedom into the Netherlands’ leading independent developer, owner and operator of fibre networks to business customers,” Edwin de Raadt, Fore Freedom Managing Director.

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