IGL 0.46% $2.17 ive group limited

News: IGL IVE Group to acquire Melbourne based Catalogue Printers Franklin Web and Aiw Printing

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    Dec 5 (Reuters) - Ive Group Ltd (IGL)

    • Acquisitions- Franklin Web, Aiw Printing and capital raising
    • To acquire Melbourne based Catalogue Printers Franklin Web and Aiw Printing for $116.0 million
    • Targeting net synergies from acquisitions of approximately $11.5 million per annum
    • Acquisitions are expected to be EPS accretive
    • Acquisitions will result in a pro forma net debt / pro forma FY16 EBITDA of approximately 1.8x at completion
    • Raising combination of debt and equity to fully fund combined purchase price of $116.0 million, associated transaction fees for transaction
 
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