CLARANOVA: Buyback of PlanetArt minorities | BUY | EUR12
CLARANOVA - BUY | EUR12 (+119%)Buyback of PlanetArt minorities
Buyback of 1.9%-5% of PlanetArt minorities
Towards a 2-4% accretive impact on group’s EPS
Deal based on a EUR650-675m valuation
Time to unlock hidden value at PlanetArt
Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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