• M&A

Raketech completes $15.5m ATS Consultants acquisition

By Robert Fletcher

Affiliate business Raketech has announced that it has completed the acquisition of US-facing tipster ATS Consultants.

First announced last month, the agreed purchase price for the deal was $15.5m on a cash and debt-free basis, with $12.0m of this being paid in cash on closing and a further $1.0m six months post-closing.

The remaining $2.5m will be settled through the issuance Raketech shares with a 36-month lock-up period.

Raketech will now integrate all of ATS Consultants’ assets and liabilities, including websites, and, together with the tipster’s roster of employees.

Read the full story on iGB North America.

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