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Sanne Group Plc (LON: SNN) to acquire the Private Equity Administrators Group

1 min read | December 07, 2020 11:29 AM GMT | By Team Kalkine Media
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Sanne Group Plc (LON:SNN) has entered into an agreement to acquire the Private Equity Administrators Group.

  • The acquisition is for an initial consideration of €27million, of which 30 per cent will be payable in company’s shares.
  • Also, there is cash earn-out components based on performance up to the end of 2022, limited at €3.25 million.
  • The acquisition is from the founders of Private Equity Administrators’ who will stay with Sanne, and the deal is expected to be immediately earnings enhancing.
  • The stocks of the company, on 7 December 2020, traded lower by 2.26% from its previous closing, hovering at around GBX 562.00 at 08:43 AM GMT+1.

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