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K3 Capital - Sun Capital approach comes at 350p

January 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • K3C
  • Price:
  • 350p
K3C is another to receive a bid approach. US private equity firm Sun Capital has made an agreed offer at 350p a share, which values K3C at £271.7m. Separately, K3C also issued a trading update that said it expects H1 sales of at least £42m (up from £31.2m) and to deliver profits that are comfortably in line with the board's expectations. The Business Sales Division has continued to grow and had some sizeable completions in H1 within its Corporate Finance function. Meanwhile, the Insolvency Division continues to see an uptick in activity levels. Despite some recent changes to its R&D scheme for SMEs that were clearly not welcomed, K3C has continued to drive client numbers within the Tax Division. The deal represents a 33% premi ...

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