Acquisition | Consumer-products manufacturing
Humble Group sold its Portuguese subsidiary Fancystage for €5m, with the transfer taking place on 14 July and cash payment spread over 18 months.
The transaction
The consideration covers all shares and the right to repayment of shareholder contributions. The buyer is not named in the announcement.
Humble expects the disposal to reduce annual revenue by about SEK70m and improve annual EBIT by about SEK10m. The associated roughly SEK280m goodwill impairment is non-cash and is not the purchase price.
Evidence behind the record
Facts are attributed to the public sources above. The Portus view is our interpretation.
Return to your resultsExplore funds and managers
Portuguese Fund DirectoryBrowse fund records, manager profiles and publicly disclosed investment information.
From the market to your business
Portus provides corporate advisory and introduces companies to independent funds and managers. Share your company's plans so we can assess the fit and discuss the next step.