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New Deal


Announced

Crown Energy to acquire an 85% stake in AccYouRate Group for €163m.

Financials

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Transaction Value£145m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For85%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical technologies

Italy

Acquisition

Cross Border

Single Bidder

Medical Equipment

Private

Friendly

Majority

Pending

Synopsis

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Crown Energy, an international oil and gas exploration and production company, agreed to acquire an 85% stake in AccYouRate Group, a medical technology company, for €163m ($176m). "I am super happy to be able to begin to deliver on my promise to our shareholders and the market to take a significant step in moving Crown Energy into the rapidly expanding and socially responsible world of medical technologies. I believe this investment will prove very successful in the future and bring substantial value to our company and to our shareholders as well as the wider community who will be able to benefit from this advanced technology," Yoav Ben-Eli, Crown Energy CEO.

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