How Silverlake Axis can milk benefits from CVSB acquisition

It's an all-cash deal of RM42.3m.

According to a release, Silverlake has announced its second acquisition for this year. It is buying a 100% stake in Malaysia-based CVSB, a proven and innovative e-business solutions pioneer and leader in ASEAN, for about 8x P/E.

CIMB noted that this all-cash deal will cost RM42.3m and is expected to add to its earnings. CVSB adds to Silverlake’s capabilities, especially in the mobile arena. The bulk of the cash payment for this acquisition should be paid in FY6/14.

Here's more:

Silverlake is acquiring CVSB to expand its portfolio of software solutions and deliver new collaborative digital economy offerings. The acquisition will reinforce its integrated digital economy solutions and services offered to the banking, payment, retail, insurance and digital economy industries.

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