Mytaste Group: Value-adding acquisition in Norway

Research Note

2019-03-07

12:05

Mytaste Group and Optimizer Invest continue the acquisition-driven growth journey. The second M&A deal fits perfectly with the company’s performance-based marketing assets in the finance vertical. With a price tag around 3x current earnings, it should prove value-adding for shareholders. We raise our valuation and view the initial market reaction as too modest.

EP

KL

Eddie Palmgren

Kristoffer Lindström

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