Marlowe has raised £40m in new equity to finance the acquisition of Elogbooks (£7.3m cash upfront and up to £6.8m contingent deferred) and accelerate consolidation of their markets. We update our forecasts to reflect this transaction and COVID-19 trading conditions (FY21E Adj EBITDA unchanged at £24m).
26 Jun 2020
Cenkos: Marlowe Plc -- Placing & Strategic Acquisition
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Cenkos: Marlowe Plc -- Placing & Strategic Acquisition
Marlowe Plc (MRL:LON) | 505 5.1 0.2% | Mkt Cap: 488.9m
- Published:
26 Jun 2020 -
Author:
Peter Renton -
Pages:
8
Marlowe has raised £40m in new equity to finance the acquisition of Elogbooks (£7.3m cash upfront and up to £6.8m contingent deferred) and accelerate consolidation of their markets. We update our forecasts to reflect this transaction and COVID-19 trading conditions (FY21E Adj EBITDA unchanged at £24m).