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GDG Accelerates Growth with $320M Acquisition of Evidentia
9:17am on Monday 2nd of June, 2025 AEST
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Financial Services
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GDG Accelerates Growth with $320M Acquisition of Evidentia
9:17am on Monday 2nd of June, 2025 AEST
Key Points
GDG to acquire 100% of Evidentia for $320 million upfront
Equity raising of $287.9 million including $114.4 million placement and $173.5 million entitlement offer
Potential earn-out of up to $40 million tied to FY26 revenue growth
Combined Managed Accounts funds under management (FUM) exceed $25 billion
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Generation Development (ASX:GDG)
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