Shinez IO Ltd의 전략적 인수
이 발표는 시장 남용 규정(EU) 7/596의 2014조 목적을 위한 내부 정보를 포함하며 유럽 연합(철회)법 2018("MAR")에 따라 영국 국내법의 일부를 구성하고 공개됩니다. MAR 제17조에 따른 회사의 의무에 따라 이 발표가 발표되면 이 정보는 이제 공개 도메인에 있는 것으로 간주됩니다.
월 19 2024
팀 인터넷 그룹 plc
("Team Internet" or "TIG" or "the "Company", or the "Group")
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Shinez IO Ltd의 전략적 인수
Team Internet Group plc (AIM: TIG) is pleased to announce it has entered into a definitive agreement to acquire the entire issued share capital of a leading online marketing business, Shinez I.O. Ltd and its subsidiaries (together "Shinez") from its current shareholders (the "Acquisition").
사업 개요
Shinez specialises in the production and promotion of highly engaging content across diverse channels such as social media, search engines, and native networks. Its currently forty popular portals include ourfashiontrends.com, falafelandcaviar.com and travelerdreams.com. Leveraging this expertise, Shinez monetises real-time visits through an expansive network of advertising exchanges, utilising cutting-edge technology and strategies. This approach maximises the revenue potential of each piece of content, and positions Shinez at the forefront of digital marketing innovation.
취득 조건
Team Internet will acquire Shinez for an enterprise value of USD 41.8 million, on a net debt free basis and subject to customary adjustments for net working capital, payable in cash.
The initial consideration represents a multiple of 4.0x Shinez's FY23 Adjusted EBITDA. Additional contingent consideration of up to USD 12.3 million will be due subject to Shinez achieving ambitious financial targets over the next two years, payable in cash.
Pro Forma Impact
Shinez reported USD 111 million in gross revenue USD 17.2 million in net revenue and USD 10.4 million in Adjusted EBITDA for the year ending 31 December 2023. Following the acquisition, the enlarged Group's unaudited pro forma financials for 2023 indicate an estimated gross revenue, net revenue and Adjusted EBITDA of approximately USD 948 million, USD 208 million and USD 107 million, respectively. Moreover, this acquisition is expected to significantly enhance earnings per share (EPS), with a forecasted adjusted EPS growth in the high single-digit percentage range for the pro forma fiscal year 2023, not accounting for potential synergies.
기금
The acquisition will be funded through a combination of cash reserves and the Revolving Credit Facility Agreement.
USD 4.6 million, i.e. 11% of the enterprise value, will be retained in escrow for four years to cover for customary warranties and indemnification. A graduated release schedule is planned for the escrow: up to 50% will be released on the second anniversary of the transaction's completion, followed by releases of up to 25% each on the third and fourth anniversaries.
전략적 이점
· 다각화: Shinez's distinctive content creation and syndication prowess, complemented by a balanced mix of organic and paid content promotion strategies, extends our reach into lucrative, underserved verticals such as Lifestyle, Food, and Travel, among others. This strategic expansion not only diversifies our portfolio but also unlocks new advertiser budgets, significantly enlarging our Total Addressable Market (TAM).
· Reduced Monetisation Network Concentration: The strategic acquisition of Shinez marks a significant shift in our monetisation network concentration. On a FY23 pro forma basis, this acquisition would more than double the Online Marketing segment's revenue generated independently of our Tier 1 channel partner. Specifically, it elevates the segment's independent revenue share from 15% to an impressive 27%. On a group level, the independent revenues increase from 33% to 41%.
· 향상된 기능: Merging Shinez's expertise in media buying, content creation, and campaign optimisation with TIG's existing expertise will significantly strengthen our business model.
· Synergy Opportunities: We anticipate significant growth and revenue synergies, including reciprocal cross-selling to and from Shinez's and TONIC's publisher bases and deeper vertical integration with major networks, in particular Meta.
Completion Timeline
The Acquisition is expected to complete by late April/early May 2024, with all closing conditions anticipated to be satisfied, with the first full consolidation in Q3 2024.
CEO's Perspective
Michael Riedl, CEO of Team Internet, commented:
"This acquisition marks a pivotal transformation for Team Internet Group, seamlessly aligning with our innovative OM2 vision - Omni-Media, Omni-Monetisation. Our vision is to establish a versatile platform that expertly guides internet users across diverse media landscapes (Omni-Media) and steers them towards the most effective monetisation avenues (Omni-Monetisation). The addition of Shinez's capabilities and market reach will not only diversify our revenue streams but also accelerate our growth trajectory. We are excited about the prospects this partnership brings. We welcome the Shinez team to the Team Internet Group."
-Ends-
자세한 내용은 :
팀 인터넷 그룹 PLC Michael Riedl, CEO William Green, 최고재무책임자 | + 44 (0) 203 388 0600 |
Zeus(NOMAD 및 조인트 Broker) Nick Cowles / Jamie Peel / James Edis (투자 은행) 도미닉 킹 (기업 중개업) |
+ 44 (0) 161 831 1512 + 44 (0) 203 829 5000 |
베렌베르크(조인트 Broker) 마크 휘트모어 / 리처드 앤드류스 / 알릭스 메클렌부르크-솔로드코프 |
+ 44 (0) 20 3207 7800 |
SEC Newgate(미디어용) Bob Huxford / Alice Cho / Harry Handyside / Tom Carnegie
| + 44 (0) 203 757 6880 |
About Team Internet Group plc
Team Internet (AIM: TIG) creates meaningful and successful connections from businesses to domains, brands to consumers, publishers to advertisers, enabling everyone to realise their digital ambitions. The Company is a leading global internet solutions company that operates in two highly attractive markets: high-growth digital advertising (Online Marketing segment) and domain name management solutions (Online Presence segment). The Company's Online Marketing segment creates privacy-safe and AI-generated online consumer journeys that convert general interest online media users into confident high conviction consumers through advertorial and review websites. The Online Presence segment is a critical constituent of the global online presence and productivity tool ecosystem, where the Company serves as the primary distribution channel for a wide range of digital products. The Company's high-quality earnings come from subscription recurring revenues in the Online Presence segment and revenue share on rolling utility-style contracts in the Online Marketing segment. For more information please visit: www.teaminternet.com
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