Regal Partners Limited (ASX:RPL) agreed to acquire Jrjj Capital Pty. Ltd. for AUD 235 million on June 3, 2024. The consideration consist of AUD 40 million in cash AUD 195 million in common stock there is also issue of 10 million regals options to current employees of Merricks Capital in exchange for the cancellation of the options they hold in Merricks Capital at completion.

The exercise of the Regal Options is conditional on the satisfaction of specific net profit before tax (NPBT) targets. For the period ended December 31, 2023 Jrjj Capital Pty. Ltd reported revenue of AUD 60 million and ebitda of 35 million.

The Transaction is subject to Regal Partners Limited shareholder approval for the issuance of the Regal Shares and Regal Options and is expected to close in early july 2024.