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New Deal


Announced

Completed

Florac, Alantra, Sofina and Peninsula Capital completed the acquisition of a 22% stake in Salto Systems for 153m.

Financials

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Transaction Value£113m
Consideration TypeCash
Capital Owned-
Capital Bid For22%
EV/Sales7.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Spain

Private Equity

Electrical Components

Private

Completed

security products

Friendly

Domestic

Synopsis

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Private equity firms Florac, Alantra, Sofina and Peninsula Capital completed the acquisition of a 22% stake in Salto Systems, a manufacturer and distributor of security products, for $153m. The funds raised through this transaction allowed SALTO to acquire Gantner Electronic Austria, an Austrian company specialized in access systems, electronic locking and locker systems, cashless payment, cash register and billing systems, staff time recording systems as well as ticketing and management software for leisure facilities.

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