EOH sells Sybrin

Monday 14 June 2021 | 10:14 CET | News
South African ICT services firm EOH announced that it has agreed to sell Sybrin to a consortium comprising One Thousand & One Voices Management (Mauritius) (1K1V) and Crossfin Technology (CFTH) and their Black Economic Empowerment partners led by Isaac Mophatlane for ZAR 334 million cash. After adjusting for net debt, non-operating assets and working capital, this equates to an enterprise value (EV) of ZAR 410 million, implying an EV/normalised EBITDA multiple of 5.3 times based on Sybrin's 31 July 2020 normalised EBITDA of ZAR 78 million.

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Categories: IT
Companies: EOH
Countries: South Africa
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