Ideal Holdings has announced a business agreement with Oak Hill Advisors (OHA), a leading global investment manager.
As part of the agreement, OHA will invest up to 115 million euros with the right to invest an additional 200 million euros over the next two years, increasing its total investment to 300 million euros.
As the company emphasized, this agreement is an international recognition of IDEAL Holdings’ strong investment strategy and its successful path in dynamic industries with strong brands and high performance. Furthermore, it confirms IDH’s ability to create value and attract international investors in the context of an upward trajectory that began in 2021. Now, IDEAL Holdings is moving forward with the next phase of growth, acquiring a partner with international investment experience, reach and presence.
More specifically, within the framework of IDH’s agreement with OHA, the following are noted:
- Transaction Goodwill: IDH proceeds with the sale of a 25% minority stake at a premium of 31%, exceeding its balance sheet valuation (410 million versus 310 million).
- Valuation higher than the current stock market price: OHA valued IDH’s investments at 8.54 euros per share, significantly higher than the current stock market price, and paid a premium for the acquisition of a minority stake.
- Strategic Investment and Collaboration: OHA, a global investment giant, positively evaluates IDH’s investment strategy as it intends to invest an additional 4% in IDH.
It is noted that Oak Hill Advisors is a leading global asset manager with more than 30 years of investment experience. It manages approximately 88 billion dollars invested in North America, Europe and other geographies and emphasizes long-term partnerships.
It is owned by T. Rowe Price Group, Inc. (NASDAQ – GS: TROW), a global investment management organization with 1.6 trillion dollars under management.
