Oceania Capital Partners (ASX:OCP) has completed the acquisition of Crimsafe, a supplier of security screens and components in Australia.
Crimsafe has a network of 120 licensees across the country and generated unaudited revenue of $33.8 million with EBITDA of $4.9 million for the financial year ending 30 June 2014.
OCP paid $30 million for Crimsafe. This is funded partly by its existing cash resources and $11.25 million in external debt funding.
