Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

G8 Education Expands

Livewire News

Livewire

G8 Education Expands. Queensland childcare operator G8 Education is set to acquire 20 childcare and education centres for a purchase price of $37 million.The acquisition will be funded by an equity raising of approximately $100m. G8 shares were placed in a trading halt this morning pending the announcement of the raising. The company has entered contractual arrangements with each of the vendors, pending licensing and landlord approvals, and expects the acquisitions to settle by the end of February 2015. 17 of the 20 centres were bought for $24.35m representing 3.98 times anticipated earnings before interest and tax (EBIT) for 12 months, while three centres were acquired for $12.35m, figuring 6.19 times anticipated 12-month EBIT. (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.