Deal Snapshot
NEXT FIFTEEN COMMUNICATIONS ACQUIRES UK DIGITAL INNOVATION AGENCY BRANDWIDTH
Tuesday 13 February 2018

UK-based digital communications group Next Fifteen Communications Plc (LSE: NFC) has closed the acquisition of the entire issued share capital of UK based digital innovation agency Brandwidth Group Ltd., the group said.
The initial consideration for the acquisition is GBP 6.2m (USD 8.62m), which will be settled with GBP 4.9m of cash and the issue of 292,235 new ordinary shares in Next 15. Further deferred consideration may be payable in September 2018 of up to GBP 3.3m and April 2020 of up to GBP 0.8m based on the EBIT performance of Brandwidth in the year ending 30 June 2018.


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Details
Date Published: 13/02/2018
Target: Brandwidth Group
Country: UK
Deal Size: 8.62m (USD)
Sector: Advertising/PR
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Next Fifteen Communications
Comment:


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