Vitec Software Group: More M&A firepower
Research Update
2022-11-16
07:00
Redeye updates its estimates following Vitec’s directed share issue on 09 November 2022. Increased dilution and M&A firepower roughly offset each other in our valuation. We nudge up our projected M&A volumes considering a more significant equity component in the company’s estimated sources of cash.
CB
NS
Christian Binder
Niklas Sävås
Disclosures and disclaimers