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Announced

Completed

York Capital Management-backed Cennox completed the acquisition of Company Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

financial technology

Private Equity

Netherlands

Security Equipment

security systems

Single Bidder

hardware supplies

Acquisition

Friendly

Production Technology Equipment

Completed

Majority

Private

Synopsis

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York Capital Management-backed Cennox, a financial services firm, completed the acquisition of Company Group, including Lincsafe, a company which provides cash management hardware, Merlin, a specialty retailer, Cashtester, a banking equipment manufacturer, and Secusystems, a security system provider. Financial terms were not dislosed. "As Cennox continues to deliver on our growth strategy and build a strong, market leading business, the acquisition of Lincsafe, Merlin, Cashtester and Secusystems will further cement our position as the leading go-to partner for companies seeking to strengthen their organisation's technology, security, and infrastructure capabilities. I look forward to working alongside Ron van Veenendaal, and his team, as we advance our goals of delivering our world class service," Clive Nation, Cennox Chief Executive Officer.

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