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New Deal


Announced

ION Group to acquire a 27.1% stake in Cedacri from FSI for $1.8bn.

Financials

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Transaction Value£1,299m
Consideration TypeCash
Capital Owned-
Capital Bid For27%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Italy

outsourcing services

Business Process Outsourcing

Private

Minority

Single Bidder

Cross Border

Pending

Friendly

Acquisition

Private Equity

Synopsis

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ION Group, a global financial software and data firm, offered to acquire 27.1% stake in Cedacri, a provider of information technology outsourcing services, from FSI, an asset management company, for $1.8bn. ION is negotiating the final terms of its offer which will be financed through a bridge loan.

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