O2 Capital Partners B.V. signed an agreement to acquire Bribus B.V. from Nobia AB (OM:NOBI) for ?64 million.

O2 Capital Partners B.V. signed an agreement to acquire Bribus B.V. from Nobia AB (publ) (OM:NOBI) for ?64 million on February 12, 2024. The agreed purchase price amounts to ?64 million, subject to certain customary closing adjustments. The transaction is partly financed by a three year vendor loan by Nobia of ?5 million.

The buyer receives the net cash in Bribus at the time of completion of the transaction, which is estimated to ?14 million. Bribus reported sales of ?91.4 million and an operating profit of ?8.8 million on a twelve month rolling basis as of September 2023.The transaction is expected to be completed during March 2024 and is subject to customary conditions and approvals by authorities.