Marlowe plc (AIM:MRL) acquired International Management Systems Marketing Ltd. for an enterprise value of £17.4 million on July 26, 2023. The total enterprise value will comprise an upfront cash consideration of £12.9 million and a further £3 million payment through the issue of 597,609 ordinary shares of 50 pence each in the capital of the Company ("Consideration Shares") in addition to an estimated £1.5 million in performance-related contingent consideration payable after the first year of ownership. The Consideration Shares are being issued to the vendor and are locked in for a period of two years. For FY ended 2022, IMSM generated revenues of £12.2 million and EBITDA of £1.9 million. Cenkos Securities plc acted as nominated advisor and joint broker, Stifel and Berenberg acted as joint brokers and FTI Consulting acted as adviser to Marlowe in this transaction.

Marlowe plc (AIM:MRL) completed the acquisition of International Management Systems Marketing Ltd. on July 26, 2023.