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BRIEF-A G Barr buys Funkin for initial consideration of 16.5 mln stg
February 2, 2015 / 4:01 PM / 3 years ago

BRIEF-A G Barr buys Funkin for initial consideration of 16.5 mln stg

Feb 2 (Reuters) - Barr(A.G.) Plc

* Acquisition of funkin limited

* Initial consideration represents an EV/EBITDA multiple of 10.6 times based on adjusted 2014 EBITDA

* Deal for initial consideration of 16.5 million stg plus up to a further 4.5 million stg subject to achievement of certain financial performance targets

* Acquisition will be funded by an extension of A.G. Barr existing credit facilities

* Funkin CEO Andrew King will remain with business under A.G. Barr's ownership and Funkin will operate within group as a supported, yet stand alone, business unit Source text for Eikon: Further company coverage:

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