Marlowe has entered into a binding agreement to sell certain Governance, Risk & Compliance (GRC) software and services assets to Inflexion Private Equity for an EV of £430m on a debt free, cash free basis, representing a multiple of 16.2x pro forma adj. cash EBITDA. This EV represents c120% of Marlowe’s closing market cap, for businesses that generated only c40% of group adj. EBITDA. Proceeds will be used to repay the group’s borrowings in full, and return more than £150m to shareholders, with t ....
22 Feb 2024
Marlowe - Sale of certain GRC assets for £430m
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Marlowe - Sale of certain GRC assets for £430m
Marlowe Plc (MRL:LON) | 525 84 3.1% | Mkt Cap: 508.5m
- Published:
22 Feb 2024 -
Author:
Peter Renton -
Pages:
5
Marlowe has entered into a binding agreement to sell certain Governance, Risk & Compliance (GRC) software and services assets to Inflexion Private Equity for an EV of £430m on a debt free, cash free basis, representing a multiple of 16.2x pro forma adj. cash EBITDA. This EV represents c120% of Marlowe’s closing market cap, for businesses that generated only c40% of group adj. EBITDA. Proceeds will be used to repay the group’s borrowings in full, and return more than £150m to shareholders, with t ....