Gamma Communications agrees sale to private equity firm Epiris
Gamma Communications has agreed to a takeover by private equity company Epiris through Bradbury Bidco, a newly incorporated entity formed by Epiris managed funds. Under the terms of the recommended cash offer, Gamma shareholders will receive 1.12 pence per share in cash. This acquisition price values Gamma’s entire ordinary share capital at around GBP 1.015 billion on a fully diluted basis, with an implied enterprise value of around GBP 1.08 billion.