SEC S.p.A. (AIM:SECG) acquired 51% stake in Newlink Comunicationes Estrategicas S.A.S from Newlink Communications Group, Inc., New Life Colombia S.A.S and Maria Claudia De Francisco Zambrano for COP 7.9 billion on January 2, 2018. The total consideration includes €0.07 million (COP 252.8 million) in cash and up to COP 7.6 billion through an earn out over 4 years out scheme, with the final price to be determined on the existing management achieving an increase in the EBITDA of Newlink of approximately 12.5% subject to a maximum consideration of COP 7.6 billion. Existing management, who will hold the minority interest of 49%, will continue to run the business. Katy Mitchell, Jessica Cave and Alex Bond of WH Ireland Limited acted as financial advisors for SEC S.p.A. SEC S.p.A. (AIM:SECG) completed the acquisition of 51% stake in Newlink Comunicationes Estrategicas S.A.S from Newlink Communications Group, Inc., New Life Colombia S.A.S and Maria Claudia De Francisco Zambrano on January 2, 2018.