Deal Snapshot
CUI GLOBAL TO ACQUIRE 4 COMPANIES TO CREATE DIVERSIFIED ENERGY SERVICES PROVIDER
Tuesday 21 May 2019

Oregon, US-based CUI Global, Inc. (NASDAQ: CUI) has executed a letter of intent to acquire 100% of the outstanding stock of four privately-held companies for consideration consisting of cash, seller debt and CUI Global equity, the company said.
The terms of the letter of intent contemplate a total consideration for the transaction consisting of the issuance of approximately 160m shares of CUI Global stock; USD 30m in cash; a USD 45m 1-year unsecured sellers note; the assumption of USD 15m of sellers outstanding secured debt and an earn-out payable over five years of up to USD 200m.


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Details
Date Published: 21/05/2019
Target: Four privately-held companies in the midstream energy sector
Country: USA
Deal Size: 230.8m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: LBO
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: CUI Global, Inc
Buyer Advisor: B. Riley FBR
Comment:
The combination of CUI Global (Pro Forma CUI) as the public company platform with four privately-held companies will create a diversified energy services company addressing the US mid-stream/mid-and down-stream sector of the oil and gas industry.

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