Wednesday, December 11, 2019 1:51:37 PM
M Partner analyst:
It is an all-cash transaction for US$3.3M (C$4.4M). In 2019 CDA generated US$6.5M (C$8.6M) in revenues and US$670K (C$880K) in EBITDA, implying a 5x multiple. It also has excess working capital of US$1.7M. Xebec financed the acquisition through its available support from Export Development Canada.
Looks like another high value deal for XBC.
GLTA & JMO
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