Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Finnish PE firm CapMan invests in Avidly Plc
November 22, 2018

CapMan Growth invests EUR 2.6m to boost Avidly’s globalization. The transaction is made through an issue of 416.000 new shares for a subscription price of EUR 6.25 per share thus making CapMan its largest shareholder. Avidly (former Zeeland Family) is a marketing service provider and a leading marketing automation company in the Nordics, listed on the Nasdaq First North marketplace in Helsinki. The share issue corresponds to an EV/EBITDA (LTM) valuation of app. 18.5x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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