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New Deal


Announced

Panoply Holdings to acquire Keep IT Simple for £26m.

Financials

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Transaction Value£26m
Consideration TypeContingent Deferred Consideration, Ordinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales2.7x
EV/EBITDA9.63x
Share Price Premium-
One Off Charge-

Tags

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Friendly

Pending

Single Bidder

Majority

IT Services: Other

it support

Domestic

United Kingdom

Acquisition

Private

Synopsis

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Panoply Holdings, the technology-enabled services group focused on digital transformation, agreed to acquire Keep IT Simple, a provider of high value IT support and transformation services to public and private sector clients, for £26m. "We are very proud of the business we have built, and the value of our work to the Public Sector. This acquisition marks a milestone in our growth journey, as we become part of a modern, agile and rapidly scaling Group which is set to become a key player in our field. The support of The Panoply will fuel our ambitious plans for expansion, as we roll out our leading capabilities to a wider set of clients," Grant Harris, Keep IT Simple CEO.

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