Benchmark Holdings on Friday announced it reached a deal to acquire Belgian fish health and nutrition group Inve Aquaculture for $342 million (€312 million).
Under the terms of the deal, $300 million (€273.7 million) will be payable in cash and $42 million (€38.3 million) via a share issue. The price is 14.1 times Inve's adjusted post-tax profits for 2014, and 12.1 times its unaudited post-tax profit for the 12 months ending July 2015.
Inve reported earnings before interest, taxation, depreciation and amortization (EBITDA) revenues of $24.5
