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Announced

GEM Global Yield to invest $100m in Vending Machines International.

Financials

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Transaction Value£74m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Cross Border

Pending

Singapore

environmental services

Friendly

Minority

Private

Single Bidder

Environmental Consulting

Acquisition

Synopsis

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GEM Global Yield, a private alternative investment vehicle, agreed to invest $100m in Vending Machines International, a provider of water distribution with zero plastic waste. “VMI is very pleased to be selected by the GEM Group to receive this investment. It is a credit to the GEM management that they very quickly grasped that the world is moving to remove single use plastics from the supply chain. VMI is extremely well placed to take advantage of this transition. With GEM’s funds to strengthen the VMI balance sheet VMI will be able to assist the beverage industry by offering a viable alternative to single use plastic bottles on a global scale. This funding will broaden our global reach and further enhance our research and development facilities as we continue to interact with the world’s largest beverage companies," Leicester Chatfield, VMI Founder and CEO.

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