Georgia Capital PLC (the “Group” or “Georgia Capital”) announces that the Group has signed a share purchase agreement ("SPA") to acquire an 80% equity interest in Amboli LLC (“Amboli” or the “Company”), subject to regulatory approvals. The cash consideration for the acquisition is GEL 3.8 million. Following the closing of the transaction the Group will make additional pro rata equity capital injection of GEL 2 million to fund the growth of the business. The transaction values Amboli’s enterprise value at 0.7x EV / Sales 2018. The business is expected to have break-even EBITDA in 2019.
