Sage Group entered into an agreement to sell Sage Payroll Solutions in the US to iSolved which is specialised in Human Capital Management solutions. In FY2017/18, Sage Payroll Solutions had revenue of £38m and an operating loss of £-1m. We believe that the consideration price of £78m, which corresponds to a P/Sales multiple of c.2x, is a fair price.
16 Jan 2019
Disposal of Sage Payroll Solutions in the US
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Disposal of Sage Payroll Solutions in the US
Sage Group plc (SGE:LON) | 1,164 -110.6 (-0.8%) | Mkt Cap: 11,693m
- Published:
16 Jan 2019 -
Author:
Hélène Coumes -
Pages:
2
Sage Group entered into an agreement to sell Sage Payroll Solutions in the US to iSolved which is specialised in Human Capital Management solutions. In FY2017/18, Sage Payroll Solutions had revenue of £38m and an operating loss of £-1m. We believe that the consideration price of £78m, which corresponds to a P/Sales multiple of c.2x, is a fair price.