Radar > 222622

Almerindo Marques submitted a EUR 1.30m offer to acquire Opway through a MBO

Almerindo Marques apresentou uma oferta de ao redor EUR 1,3m pela aquisição da Opway através de um MBO

Intel ID : 222622
Synopsis

Opway's management team, headed by company's former president Almerindo Marques, submitted a Management Buy Out offer to acquire the company. The offer value was of EUR 1.30m.

This was possible because Mozambique-based Nadhari failed to submit the required documents to prove its solvency in order to acquire Opway. Nadhari had a signed agreement to acquire Opway. (see related transaction)

After canceling the deal with Nadhari, Prebuild was revisited, since the company had submitted the second highest offer. Finally, Prebuild revoked its interest in the acquisition.
(content in portuguese)

A equipa diretiva da Opway por meio de uma operação de MBO ( Management Buy Out) liderada pelo ex-presidente da companhia Almerindo Marques apresentou uma oferta para a aquisição da empresa per um preço de aproximadamente EUR 1,3m.

As circunstâncias são consequência da falha da empresa moçambicana Nadhari, à qual já havia sido assinada a venda da Opway, à não apresentar dentro do prazo correspondente os documentos requeridos para acreditar a solvência da companhia para poder fazer face à compra. (Ver transação relacionada).

Após a operação com os moçambicanos fora cancelada, foi procurada a outra empresa interessada na compra, a Prebuild que apresentou na corrida pela Opway a segunda melhor oferta, mas esta renunciou ao negócio por não estar mais interessada.

Bidder

Private Shareholders I verified

Target


Intel ID 222622
Value EUR 1,30m (Approx.)
Native Currency Euro (EUR)
Financial Data - Grupo Opway
(31 Dec 2010)
Revenue: EUR 610,32m
EBITDA: EUR 27,41m
Net Debt: EUR 923,78m
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Subsector (Old TTR Sectors)
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Bidder

Name
verified

Target

Name
potential
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Real Estate and Construction / Construction (Materials and Machinery)
Industry / Steel, Metallurgy and Industrial Production
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

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Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.