Sage Group announced the purchase of Intacct for a total consideration of $850m (£654m), o/w $807m in cash and $43m in options for management and employees who have an ownership in the company. The funding of the operation combines cash, the use of the existing revolving credit facility and a new $390m term loan. The pro forma net debt/EBITDA ratio should be in the range 1-2x after this acquisition (vs 0.71x estimated for FY2016/17 excluding this operation). Intacct is specialised in fi
27 Jul 2017
Intacct, a very expensive deal
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Intacct, a very expensive deal
Sage Group plc (SGE:LON) | 1,260 -37.8 (-0.2%) | Mkt Cap: 12,687m
- Published:
27 Jul 2017 -
Author:
Hélène Coumes -
Pages:
3
Sage Group announced the purchase of Intacct for a total consideration of $850m (£654m), o/w $807m in cash and $43m in options for management and employees who have an ownership in the company. The funding of the operation combines cash, the use of the existing revolving credit facility and a new $390m term loan. The pro forma net debt/EBITDA ratio should be in the range 1-2x after this acquisition (vs 0.71x estimated for FY2016/17 excluding this operation). Intacct is specialised in fi