December 4, 2016 / 10:46 PM / 8 months ago

BRIEF-IVE Group to acquire Melbourne based Catalogue Printers Franklin Web and Aiw Printing

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Dec 5 (Reuters) - Ive Group Ltd

* Acquisitions- Franklin Web, Aiw Printing and capital raising

* To acquire Melbourne based Catalogue Printers Franklin Web and Aiw Printing for $116.0 million

* Targeting net synergies from acquisitions of approximately $11.5 million per annum

* Acquisitions are expected to be EPS accretive

* Acquisitions will result in a pro forma net debt / pro forma FY16 EBITDA of approximately 1.8x at completion

* Raising combination of debt and equity to fully fund combined purchase price of $116.0 million, associated transaction fees for transaction Source text for Eikon: Further company coverage:

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