3i Group plc (LSE:III) and certain 3i managed investment entities made an offer to acquire BoConcept Holding A/S (CPSE:BOCON B) from Viggo Mølholm and his family, BoConcept Invest ApS, Small Cap Danmark A/S (CPSE:SCD), Kirk & Thorsen Invest A/S and a number of other shareholders and management for DKK 1.5 billion June 2, 2016. Under the terms of the agreement, the buyer will submit a conditional voluntary public offer to the shareholders of BoConcept to purchase all B-shares in BoConcept Holding A/S for DKK 500 in cash per B-share and all non-listed A-shares in the Company for DKK 615 in cash per A-share. The buyer has received irrevocable undertakings equal to 67.5% stake under the offer. The offer period is between June 7, 2016 and July 5, 2016. The consideration for both A-Shares and B-Shares will be paid in cash and will be financed with a combination of equity and debt. If after completion of the offer, the offeror has acquired more than 90% of the Shares, including all A-Shares, and the oting rights in BoConcept Holding A/S, the oferor will initiate and complete a squeeze out of BoConcept Holding A/S. The offeror undertakes to acquire a maximum of 100% of the BoConcept Holding A/S Shares.

The deal is subject to the approval by the Danish Financial Supervisory Authority, acceptance of the offer by shareholders to tender more than 90% of BoConcept Holding A/S' votes and approval of regulatory Board. The Board of Directors of BoConcept expects to unanimously recommend that the shareholders of BoConcept accept the offer. The unanimous Board of Directors of BoConcept Holding A/S recommended all shareholders to accept the offer. As of June 20, 2016, deal was approved by German competition authorities. All conditions for the deal are fulfilled as of July 6, 2016 and offer will complete on July 13, 2016. If the offer is completed, the offeror intends to apply for a termination of trading and delisting of all B-Shares in BoConcept Holding A/S from Nasdaq Copenhagen as soon as possible. Skandinaviska Enskilda Banken AB (publ) (OM:SEB A) acted as financial advisor to 3i. Bech-Bruun Advokatfirma acted as legal advisor to BoConcept. Danske Bank A/S acted as a financial advisor to BoConcept. Finn Møller & Gitte Dehn Lansner of Gorrissen Federspiel acted as legal advisor to BoConcept Holding A/S .