Auction Technology Group shares tumble after debt-fuelled acquisition of Chairish Markets Shares in Auction Technology Group tumbled on Monday after the firm added to its debt pile with the acquisition of furniture marketplace Chairish in a $85m (£64m) deal. The London-listed company said it had extended its revolving credit borrowing capacity to $275m alongside the deal, which was funded by a combination of cash and debt. [...]
TAG: Travel agent to Lady Gaga, Jay-Z and Foo Fighters books record sales ahead of £100m takeover hospitality Travel agent to stars including Lady Gaga, Jay-Z and Foo Fighters, The Appointment Group (TAG) saw its sales jump ahead of its £100m takeover earlier this year, according to newly-filed documents. The British company, which organises the tour itineraries of some of the world’s most high-profile musicians, saw its turnover increase to a record £54.1m [...]
Online auctioneer ATG posts revenue growth as Brits unlock value of art and antiques Tech Online auction marketplace ATG recorded total revenue of $86m (£69m), up 6 per cent year-on-year and up one per cent on an organic basis.