Tech Company M&A Transactions
REL Consultancy Group Acquisition
REL Consultancy Group was purchased by Answerthink. The transaction was announced on 11/29/2005. The transaction price was $32 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/29/2005
Transaction Type
M&A
Amount
$32,000,000
M&A Terms
Under the terms of the acquisition agreement, the total purchase price is expected to be approximately $32 million. Additionally, the Company will incur approximately $3 million in costs to exit REL lease obligations and for related severance. At close, approximately $21.5 million will be paid in cash and $2.7 million of restricted stock units will be issued.
Company Information
Company Status
Acquired or Merged
Industry
Consulting
Mailing Address
1117 Perimeter Center West N-500
Atlanta, GA 30338
USA
Atlanta, GA 30338
USA
Phone
Website
Email Address
Not Recorded
Overview
REL is a global leader in generating cash improvements from working capital and enterprise operations. Through improving cash flow, reducing costs and increasing service quality, REL enables clients to liberate cash from balance sheets.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Payne
Browse more venture capital transactions:
Prev: 11/29/2005: Guava Technologies venture capital transaction
Next: 11/30/2005: Plastic Logic venture capital transaction
Share this article
News on VC Transactions
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs