Themission has announced the disposal of BroadCare, a software application that had been developed within the group’s ‘fuse’ initiative to incubate new and innovative business concepts. The sale, for 8.8x FY17 EBIT, will realise £4.4m in cash (subject to working capital adjustments). The proceeds will be used to reduce net debt, which stood at £7.8m at the half year stage, and to fund further fuse projects. The disposal highlights the value being created within t
12 Nov 2018
The Mission Marketing Group - Successful incubation
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The Mission Marketing Group - Successful incubation
Mission Group Public Limited Company (TMG:LON) | 21.5 0 0.0% | Mkt Cap: 19.6m
- Published:
12 Nov 2018 -
Author:
Fiona Orford-Williams -
Pages:
2
Themission has announced the disposal of BroadCare, a software application that had been developed within the group’s ‘fuse’ initiative to incubate new and innovative business concepts. The sale, for 8.8x FY17 EBIT, will realise £4.4m in cash (subject to working capital adjustments). The proceeds will be used to reduce net debt, which stood at £7.8m at the half year stage, and to fund further fuse projects. The disposal highlights the value being created within t