BCM announced on 1 August 2007 that it has acquired 100% of the Israeli Golden Pages (GPM) from Markstone Capital Partners and other Israeli-based institutional shareholders.
Golden pages id the leading Israeli directories business with a portfolio of complementary directory and search businesses. Golden pages was acquired for an enterprise value of A$248 million requiring an equity investment of A$150 million. Following a refinance in February 2008 the equity investment is currently A$107 million. Below are the announcements made in relation to the acquisition.
1 August 2007 Babcock & Brown Capital Acquires 100% Of Golden Pages Israel - ASX announcement 1 August 2007 Acquisition of Golden Pages Israel - Presentation 1 August 2007 Golden Pages Investor Briefing - Audio recording
For more info about GPM, visit www.d.co.il