Super Group

ValueInvestor

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RIGHTS ISSUE COMING

better run while u can~~~~~


Super Group plans US$153 million In Time buy for Europe expansion

By Bloomberg / Bloomberg | July 13, 2015 : 3:26 PM MYT
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JOHANNESBURG (July 13): Super Group Ltd. agreed to buy 75% of German logistics provider In Time Holding for 137.2 million euros (US$153 million or $207.01 million) to expand into Europe.

Super Group will buy 75% of In Time’s holding company from funds managed by Equistone Partners Europe Ltd., the Johannesburg-based transportation company said in a statement on Monday. In Time’s management owns the other 25%, which it will retain.

Super Group will fund the acquisition, which includes a 30.3 million-euro shareholder loan, through existing cash and borrowing facilities, as well as a fully underwritten renounceable rights offer of as much as 64.3 million euros, the company said. It’s also entered into binding agreements with three European banks for 58 million euros of German debt facilities.

The transaction values In Time at about 153.5 million euros, which is 8.7 times the company’s earnings before interest, taxes, depreciation and amortization for the year ended December 2014, the statement said.

In Time focuses on time-critical delivery services, for businesses in the pharmaceutical, hazardous goods and emergency- blood and medical-services industries, and operates in 19 European countries, Super Group said.
 
C

carleon8

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ValueInvestor said:
RIGHTS ISSUE COMING

better run while u can~~~~~


Super Group plans US$153 million In Time buy for Europe expansion

By Bloomberg / Bloomberg | July 13, 2015 : 3:26 PM MYT
Share on facebook
Share on twitter
Printer-friendly versionSend by emailPDF version

JOHANNESBURG (July 13): Super Group Ltd. agreed to buy 75% of German logistics provider In Time Holding for 137.2 million euros (US$153 million or $207.01 million) to expand into Europe.

Super Group will buy 75% of In Time’s holding company from funds managed by Equistone Partners Europe Ltd., the Johannesburg-based transportation company said in a statement on Monday. In Time’s management owns the other 25%, which it will retain.

Super Group will fund the acquisition, which includes a 30.3 million-euro shareholder loan, through existing cash and borrowing facilities, as well as a fully underwritten renounceable rights offer of as much as 64.3 million euros, the company said. It’s also entered into binding agreements with three European banks for 58 million euros of German debt facilities.

The transaction values In Time at about 153.5 million euros, which is 8.7 times the company’s earnings before interest, taxes, depreciation and amortization for the year ended December 2014, the statement said.

In Time focuses on time-critical delivery services, for businesses in the pharmaceutical, hazardous goods and emergency- blood and medical-services industries, and operates in 19 European countries, Super Group said.
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odd.. doesn't seem like the kind of business Super Group is into.
 
coey

coey

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Enough of fear mongering. This is a potential growth story
 
Asphodeli

Asphodeli

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reinphd said:
it is falling through the cracks. your wish has came true. do you dare to enter?
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5yog88v.png


And a merry chase I'll give them!
 
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