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New Deal


Announced

Intelligent Safety Electronics to acquire FireAngel Safety Technology Group for £23m.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned17%
Capital Bid For83%
EV/Sales-
EV/EBITDA-
Share Price Premium252.4%
One Off Charge-

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Pending

Friendly

Single Bidder

Acquisition

Public

United Kingdom

home safety products

Security Equipment

Cross Border

Majority

Synopsis

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Intelligent Safety Electronics agreed to acquire FireAngel Safety Technology Group, a United Kingdom-based company, which sells and distributes home safety products and accessories, for £23m. "We think this is a great deal for FireAngel Shareholders and are delighted that the Board has recommended our offer. We believe it represents an excellent premium to the share price and encourage shareholders to accept the offer," Wang Jiejun, ISE Director.

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