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G8 Education Ltd To Acquire 12 Childcare And Education Centres


Monday, 18 Feb 2013 05:39pm EST 

G8 Education Ltd announced that it has contracted to acquire 12 childcare and education centres from a number of different vendors. The childcare and education centres are located in New South Wales and Victoria. Business acquisition contracts have been executed, conditional upon customary licensing approvals and finance. The purchase price for the 12 centres is AUD 18.7 million which represents four times anticipated EBIT for the 12 months post settlement. AUD 16.6 million is payable at settlement and a further payment of AUD 2.1 million is conditional upon the centre based EBIT target being achieved in the 12 months post settlement. 

Company Quote

4.98
0.05 +1.01%
12:42am EDT