On 21 December 2018, Marlowe announced the successful conditional placing to part fund the acquisition of William Martin Compliance Solutions and Ivor Roy Limited (William Martin) for an implied Enterprise Value of £30.0m. William Martin provides Marlowe with access to a high-margin technology-enabled audit and consultancy business, adding further to the group's recurring revenue profile. The acquisition is immediately earnings enhancing, and as such we upgrade our full-year FY20E adjusted EBITD ....
07 Jan 2019
Cenkos: Marlowe Plc - Transformative high margin acquisition
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Cenkos: Marlowe Plc - Transformative high margin acquisition
Marlowe Plc (MRL:LON) | 508 -10.2 (-0.4%) | Mkt Cap: 491.8m
- Published:
07 Jan 2019 -
Author:
Cavendish Research -
Pages:
6
On 21 December 2018, Marlowe announced the successful conditional placing to part fund the acquisition of William Martin Compliance Solutions and Ivor Roy Limited (William Martin) for an implied Enterprise Value of £30.0m. William Martin provides Marlowe with access to a high-margin technology-enabled audit and consultancy business, adding further to the group's recurring revenue profile. The acquisition is immediately earnings enhancing, and as such we upgrade our full-year FY20E adjusted EBITD ....