Vimian Group AB (publ) (OM:VIMIAN) entered into an agreement to acquire Viking Blues Pty Ltd from Nick Bova for ?59.6 million on July 1, 2022. The consideration includes total upfront consideration amounting to ?40.7 million and an earnout payment of ?18.9 million payable pursuant to a four-year earn-out subject to certain EBITDA hurdles and to be paid in cash. ? As 8 March, Vimian announced amended consideration parameters for the acquisition of Viking Blues Pty Ltd and its intention to issue shares, subject to approval by an EGM held on March 24, 2023. The acquisition will be financed with available funds and an issue in kind of a total of maximum 15.51 million ordinary shares in Vimian Group AB whic is subject to approval by an extraordinary general meeting. The company has annualised revenues of around ?10 million. The transaction is expected to close on or around March 31, 2023. Damien Hazard, Mark Simkiss and Emma McQuaid of Herbert Smith Freehills acted as legal adviser to Nextmune Holding Australia Pty Limited.

Vimian Group AB (publ) (OM:VIMIAN) completed the acquisition of Viking Blues Pty Ltd from Nick Bova fin first quarter for ?42.3 million on March 8, 2023. ?7 million paid in cash and ?35.3 million paid in shares.