MAI 0.00% $1.97 mainstream group holdings limited

News: MAI Mainstreambpo acquires Trinity Fund Administration in Dublin and Cayman Islands

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    May 18 (Reuters) - Mainstreambpo Ltd (MAI) :

    • Mainstreambpo acquires trinity fund administration in dublin and Cayman Islands
    • Total combined purchase price of acquistion is usd $5 million
    • Trinity anticipates combined revenue of us$3.4 million in 12 months to 30 june 2018
    • Acquisition is expected to be earnings accretive
    • Trinity anticipates combined EBITDA of us$0.5 million in 12 months to 30 June 2018
    • Mainstreambpo intends to undertake equity capital raise prior to completion and draw down on an existing debt facility
    • Proceeds of equity capital raise and debt facility will be used to fund acquisition
 
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