Announced
Financials
Tags
Domestic
Single Bidder
Private Equity
United Kingdom
private equity
Private Equity
Pending
Friendly
Acquisition
Private
Majority
Synopsis
Honeycomb Investment Trust agreed to acquire Pollen Street Capital, an alternative investment management company, for $340m. “I am delighted that we have reached an agreement to combine Honeycomb and Pollen Street. The combination has a compelling strategic rationale, which will deliver strong operational and financial benefits, and generate future growth opportunities. This, alongside an attractive entry valuation, create potential for significant re-rating and valuation upside. The shares will also become more appealing and accessible for a wider range of investors. The clear strategic and financial logic of the transaction is evidenced by the significant shareholder support we have already received,” Robert Sharpe, Honeycomb Chairman.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.