Ctac N.V. (ENXTAM:CTAC) signed a letter of intent to acquire 70% stake in Purple Square Management Partners B.V. from Wil Daniels on December 17, 2019. Ctac will settle the majority of the acquisition in cash. Post deal completion, Wil Daniels will remain involved in Purple Square and will continue to hold a minority stake. Purple Square will continue to operate as an independent part of Ctac once the deal is closed. In 2018, Purple Square Management Partners reported a total revenue of €5 million. The acquisition is expected to be completed in mid-January 2020. The acquisition will also contribute to Ctac’s EBITDA and earnings per share. Ctac N.V. (ENXTAM:CTAC) completed the acquisition of 70% stake in Purple Square Management Partners B.V. from Wil Daniels on January 14, 2020.