.
MergerLinks Header Logo

New Deal


Announced

Completed

Accident Compensation Corporation completed the acquisition of the 18% stake in Les Mills International from the Mills Family Trust and minority shareholders.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

fitness company

Consumer Services: Other

New Zealand

Single Bidder

Minority

Domestic

Acquisition

Private

Completed

Friendly

Synopsis

Edit

Accident Compensation Corporation, an entity responsible for administering the country's no-fault accidental injury compensation scheme, completed the acquisition of the 18% stake in Les Mills International, a fitness company, from the Mills Family Trust and minority shareholders. Financial terms were not disclosed. "It's the best of both worlds. We are going to get some fresh energy and expertise into the business with two new board members and the kind of financial backing that will help us access funding to execute further transformational growth initiatives," Philip Mills, Les Mills International Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US