I think we will start. My name is Charlotte Dick Knutsen. I'm Head of Investor Relations and Communications in Bevy. First of all, we would like everyone to turn off their cameras and mute hopefully. So, Kristian Bettjen, our CEO and Marie Dan Ersond, the CFO will have a short presentation and we will have a Q and A afterwards.
So for the Q and A, please raise your hand and we will answer the questions as best we can. I will share the presentation. So give me one second. Okay. So hopefully now you can see the presentation.
Can you see it, Christian? Yes. So go ahead, Christian, please.
Yes. Welcome to a short presentation of The JAKON Holding and Deve transaction. Next page. Maria, I'll leave this to you. You're on mute, Marie.
Sorry. What has happened in the last couple of days is that we have got an acceptance for our offer to acquire 100 of the shares in Yakan Holding. The Axelsen family that holds 50 percentage, They have accepted considerations in new shares that will be issued at the price of NOK close to NOK 46, which is then an average of the last 14 trading days price. And the Solgaard family that holds the residual 50 percentage, They want a consideration in cash. The enterprise value that we have communicated before is Between the NOK 3,100,000,000 to the NOK 3,600,000,000, the higher range is the consideration of Shares or if you have got acceptance in shares.
What will happen now is that we will Complete or due diligence, there will be a general meeting for the shares that needs to be issued. And of course, there are some customary closing conditions, which includes then that we need regulatory approvals for this transaction. We know that our major shareholder, FreiInvest, they will support an issuance of the shares to the Axelsson family. What we believe is that we will be able to close the transaction in the first half of twenty twenty two. And the residual consideration that will be paid in cash, we intend to use available cash resources in Bedi to manage.
So that is the summary of the transaction.
Yes. As I have said before, as us, Jacon is a vertical integrated insulation packaging provider. Jacon is one of Europe's leading manufacturer of XPS and EPS. And, Soar Bevy. And, as I have said many times before also, our aim is to DEVI.
Put companies together, merge them together and make them stronger as a new whole unit than they are standalone. They are an industrial group in Frederista, a leading provider of insulation, building systems and construction industry, Special products and packaging from XPS and EPS. They have 21 facilities and 7 sales locations in 8 European countries. And they were established in 1956. And as Maris also said, the Akselsson family will join us as one of the Large shareholders in the company going forward.
Next. Here you can see a picture of how the companies are today. Two companies in The same geographical areas somewhere and they are very complementary, geographically, But they're also complementary in terms of materials and market segments. EVI and Jacon are both in EPS, They are both in XPS, Jacon somewhat stronger in XPS, they are both in EPP, DEVI somewhat stronger in EPP And they are in raw packaging and components and they are in insulation. Both companies are vertical integrated.
You can see a combined of the raw material production would lead to a production capacity on around 285,000 tons, leading this company to be 1 of the 3rd largest raw material producer in Europe. And you can also see the country where the companies are present and where Bevy, including now the EsoBlock acquisition, we are around 2,000 employees and Jacon around 850. So 2 very complementary companies joining forces together. Next. Marie?
Yes. The combined company then looking at the TM, end of June, will have a revenue close to €950,000,000 And then EBITDA of 1 100 close to €120,000,000 We will together be close to 2,400 employees. Next page.
We will continue to Accelerate on the value creation story, which Bevy already has started. And we think this will grow will make our acceleration toward growth, Improving customer, shared service, extended product portfolio, Sell to our broader customer range premium solutions. We obviously, when we do acquisition, think and believe we will be a cost leader in our market And we will continue sharing best practice between our companies. We think that this company has a capacity flexibility, which becomes Larger and we believe there is a lot of synergies within logistics and transportation costs to be held. And of course, within know how and product development, we will also improve these companies going forward.
And obviously, most important of all, we will have an even stronger platform to stand on in terms of sustainability. We will our ability to be a part of every local market to take care of The resources we send out into the circular market will be even stronger as we now are a company with a larger geographical footprint. Next, please. And always repeating ourselves, our key strategic priorities remain the same. We will continue to innovate and search for more sustainable materials, products and solutions.
We will continue to grow in the circular economy, choosing the products which is right for the future and we will continue to create profitable growth both organically and M and A going forward as well. Next. And of course, we were very clear on that on our Capital Markets Day. Even though this is a large Acquisition, we said that some of the acquisitions we were doing were transformative acquisitions. We will continue to search for new acquisitions, continue to grow our company with Smaller add ons and transform our company into what we have promised to ourselves and the market.
And we do still believe that 1 third of our growth will come from organic growth and 2 third of our growth will come from M and As. And we will We do believe that this platform together with JAKON will even be stronger and there is a greater chance of succeeding with this Growth Ambitions together with these companies. Next. We are now operating in a large and fragmented market. Bevy and Jochen is set to be out leading consolidator in Europe in its industry.
We have solid underlying growth in several business segments. We are growing organically with a strong focus on innovation, sustainable challenges throughout the business, moving towards 100% circular business model, Improving financial metrics, stable margins and improved return on capital. Then the purpose of this call also mostly Q and A. We will, of course, try to answer every question that comes.
I think I will actually I can see that some have already raised their hands. So I will let you know. We will start there's a lot of people on this call. So we will do our best for the questions. Johan Dahl, please go ahead.
Yes.
Good afternoon. Johan here at Danske Bank. Just one question. When you have completed this, assuming everything works out well with Yakcon and you announced something in the UK as well quite recently. But what in your view is your headroom to continue to grow through M and A given The balance sheet, what it will look like once these deals have been completed.
Can you describe that briefly? Is there sort of more headroom to grow or Do you have to look at the issue of new shares?
There is always Consideration from our company to have the optimal capital structure. We have historically both So real estate finance throughout bonds and banks, of course, and also done share issues. I could answer like this, and it's easy to understand looking at the company and the capital structure of the company. Yes, We can continue to our growth story as we have said in the Capital Markets Day. Even after we do this Acquisition, it's a matter of timing and time, nothing else.
If and when Or if we do share issues, that will be a consequence of having the optimal Structure capital structure in the company. It beyond what is already said, we do not need to do a Share issue beyond what is said in this deal.
Okay, thanks.
Okay. Next one is Hermann from Nordea. Please go ahead.
Thanks. So my question goes to sort of the importance for Bevy as the importance of acquisition for Bevy as a growth platform and consolidator in the European markets. So does the Agon acquisition Open new markets or verticals you didn't consider prior to the acquisition?
Of course, it will as we have been in BV, a great consolidator in Europe. It's easy to understand when you see the history of JAKCON, has also been a great consolidator in Europe, Both in terms of context and in terms of history and in terms of platforms to stand on, our platform to do acquisition It has strengthened together with Jacon, so of course, Jacon has been as a great consolidator also in Europe. Thanks.
Okay. So Are there any other questions? No one else has raised their hands. So please do if you have a question. There seems to be no other questions.
So I think we will conclude the presentation. Thank you for taking the time and participating. And thank you, Christian and Marie. We'll conclude the presentation now. So thank you everyone.
Bye bye.