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Maintel Holdings Plc Announces Acquisition Of Datapoint Companies; Secures GBP3.0 Million term loan And GBP1.0 Million Overdraft Facility

Friday, 13 Sep 2013 11:40am EDT 

Maintel Holdings Plc announced the acquisition of Datapoint Customer Solutions Limited, Datapoint Global Services Limited and Datapoint Communications Limited, the UK and Irish trading operations of the Datapoint group of companies (the Datapoint UKI Companies) for GBP3.5m in cash. Maintel has paid GBP1.0m in cash to the Administrator of Point-On Holdings Limited, the parent company of the Datapoint UKI Companies in respect of the Acquisition, and has settled the overdraft of those companies at completion to the sum of GBP2.5m. This equates to total consideration, excluding any professional fees incurred, of GBP3.5m. There is no deferred or contingent element to the consideration for the Acquisition. In conjunction with the Acquisition, the Company has secured a GBP3.0m term loan, repayable over 3 years and a GBP1.0m overdraft facility. The Datapoint UKI Companies were acquired with no cash and no debt. 

Company Quote

-35.0 -5.13%
25 Nov 2014