Tue 05/25/2021 09:01 AM
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Relevant Document:
FY’19 Report


GCA Altium has approached direct lenders for the sale of U.K. cloud and managed services provider FourNet, which is expected to include debt financing, sources told Reorg. The company is being marketed off a pro forma EBITDA of £5 million, sources said.

The process is in the second round of bids with non-binding offers being received at the end of April, sources said. The asset is likely to reach a valuation multiple of 10x to 12x, slightly lower...
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