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
Disclosures and disclaimers