Marlowe has raised £50m though a placing (at 907p) to fund the £25m earnings-enhancing acquisition of EssentialSkillz, a leading compliance eLearning business, as well as to provide £25m of additional firepower for potential acquisitions. Group run-rate revenues and Adj EBITDA now stand at c£335m and c£60m respectively. We update our forecasts to reflect the transaction (no change at the Adj EPS level as the contribution from EssentialSkillz is offset by dilution from the over-raise). A T+2 EV/A ....
22 Oct 2021
Cenkos: Marlowe Plc -- Strategic acquisition and placing
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Cenkos: Marlowe Plc -- Strategic acquisition and placing
Marlowe Plc (MRL:LON) | 525 0 0.0% | Mkt Cap: 508.3m
- Published:
22 Oct 2021 -
Author:
Peter Renton -
Pages:
6
Marlowe has raised £50m though a placing (at 907p) to fund the £25m earnings-enhancing acquisition of EssentialSkillz, a leading compliance eLearning business, as well as to provide £25m of additional firepower for potential acquisitions. Group run-rate revenues and Adj EBITDA now stand at c£335m and c£60m respectively. We update our forecasts to reflect the transaction (no change at the Adj EPS level as the contribution from EssentialSkillz is offset by dilution from the over-raise). A T+2 EV/A ....