UK - Inflexion backs £33m FDM MBO

The valuation is based on a per-share purchase price of 141 pence, a premium of approximately 42% to the closing price of 99 pence on 3 June 2009, the last business day prior to the announcement that FDM had received an approach.

Management is to invest approximately £3.4m into the transaction.

FDM is an international IT services company with sales offices in London, New York, Frankfurt, Zurich and Luxembourg. The business specialises in the provision of outsourced IT solutions predominantly to large blue chip organisations. FDM employs 322 full time consultants and has 131 currently in training.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland