News: Deals

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News > Deals

Gross Fine(Holdings)Ltd & Hercules Property Services PLC	Update Date: 07/27/04
Date Announced: 03/08/02
Value (million $USD): 18.9 million U.S. Dollar 13.2 million British Pound

Status: Pending

TRANSACTION DETAILS
Date Announced	03/08/02
Date Originally Announced	03/08/02
Format	Merger	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	n/a
Value	18.9 million U.S. Dollar 13.2 million British Pound	Advisor Fees	n/a

SYNOPSIS
UK - Hercules Property Services PLC agreed to acquire the entire issued share capital of Gross Fine (Holdings) Ltd, London-based residential property management company, for 13.2 mil pounds ($18.85 mil) in cash and loan notes. Following completion the vendors of Gross Fine will buy back that company's commercial property agency division for 0.2 mil pounds ($0.284 mil).

TARGET
Name	Gross Fine(Holdings)Ltd
Industries	n/a
City	London
State	n/a
Nation	United Kingdom
Incorporated in	n/a
Public Status	Private
Business Description	Provide residential property management services
Advisors	n/a
Target Sales	4.4 million U.S. Dollar 3.1 million British Pound

ACQUIROR
Name	Hercules Property Services PLC (London : HPS)
Industries	Accidental and health insurance; Fire, marine, and casualty insurance; Surety insurance
City	Middlesex
State	n/a
Nation	United Kingdom
Incorporated in	n/a
Public Status	Public
Business Description	Insurance company
Advisors	n/a
Acquiror Sales	58.3 million U.S. Dollar 41.2 million British Pound

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