Leveraging leadership positions across numerous specialist verticals and geographies is at the heart of VP’s success. With this in mind, the company today announced that it has purchased its 7th growth platform - TR Pty Ltd (TR), headquartered in Melbourne, Australia - for A$17.4m plus $6.6m in assumed debt (ie A$24m on a cash/debt free basis) from a private equity house to facilitate expansion locally as well as more broadly in New Zealand and Malaysia.
21 Apr 2016
A$24m (£13.2m) Australian acquisition
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
A$24m (£13.2m) Australian acquisition
Vp plc (VP:LON) | 612 306.3 8.6% | Mkt Cap: 245.9m
- Published:
21 Apr 2016 -
Author:
Paul Hill -
Pages:
4
Leveraging leadership positions across numerous specialist verticals and geographies is at the heart of VP’s success. With this in mind, the company today announced that it has purchased its 7th growth platform - TR Pty Ltd (TR), headquartered in Melbourne, Australia - for A$17.4m plus $6.6m in assumed debt (ie A$24m on a cash/debt free basis) from a private equity house to facilitate expansion locally as well as more broadly in New Zealand and Malaysia.