Future has announced the acquisition of Newbay Media LLV, which owns a range of events and information titles, for initial consideration of $13.8m ($12.25m cash and $1.55m in shares) with potential for up to another $5.6m depending on performance. Using the 2017 EBITDA result of $4.2m implies a very attractive multiple of just 3.3x. Even allowing for some much needed catch-up investment we expect the multiple to be similar post reorganisation. Unsurprisingly Future guides that the acquisition wi ....
04 Apr 2018
Acquisition of Newbay
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Acquisition of Newbay
Future plc (FUTR:LON) | 625 -71.9 (-1.8%) | Mkt Cap: 720.3m
- Published:
04 Apr 2018 -
Author:
Johnathan Barrett -
Pages:
4
Future has announced the acquisition of Newbay Media LLV, which owns a range of events and information titles, for initial consideration of $13.8m ($12.25m cash and $1.55m in shares) with potential for up to another $5.6m depending on performance. Using the 2017 EBITDA result of $4.2m implies a very attractive multiple of just 3.3x. Even allowing for some much needed catch-up investment we expect the multiple to be similar post reorganisation. Unsurprisingly Future guides that the acquisition wi ....