Intertain finalises Very& John acquisition

The Intertain Group has completed the acquisition of the entire share capital of Dumarca Holdings PLC, the Malta-based parent company of Vera& John (see previous reports).

A Intertain fez um pagamento inicial em dinheiro de 44,5 milhões de euros e cerca de 5 milhões de ações comuns da Intertain.

A further payment capped at Euro 8.1 million may be due based on Vera& John generating EBITDA that exceeds pre-defined thresholds in 2015 and 2016.

Dan Anderson, director of Dumarca Holdings PLC, said in a statement Tuesday: “We have formed a great team within Vera& John, and look forward to leveraging our abilities to drive revenue synergies across the group and increase the value of our material share ownership.”

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