Acquisition of Dalkia Technical Facilities Management - Mitie
Acquisition of Dalkia Technical Facilities Management - Mitie
Acquisition of Dalkia Technical Facilities Management - Mitie
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Deal structure<br />
• Total consideration <strong>of</strong> up to £130m in cash on a cash free/debt free basis<br />
dependant upon DTFM achieving pr<strong>of</strong>it target<br />
• Initial consideration <strong>of</strong> £120m<br />
• Customary adjustments to the price may be made following a completion<br />
balance sheet process subject to deminimis levels<br />
• <strong>Acquisition</strong> financed from existing facility <strong>of</strong> £230m (£265m including<br />
overdraft facility) secured until 2012<br />
• Integration costs are expected to be in the region <strong>of</strong> £7m<br />
• Annualised synergies are expected to be in excess <strong>of</strong> an estimated £6m with<br />
full run rate achieved by 31 March 2011<br />
20
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