Fsn Capital Gp V Ltd managed by FSN Capital Partners AS entered into a definitive agreement to acquire Non-Core TASKING Business of Altium Limited (ASX:ALU) for $110 million on December 11, 2020. As per terms of transaction, FSN Capital Partners AS will pay $100 million in cash and $10 million conditional upon achieving revenue targets in Fiscal 2021 post divestment. The transaction is subject to customary closing conditions, antitrust and regulatory approval. Transaction is expected to close in the first quarter of calendar 2021. The transaction will have a one-time positive impact on Earnings Per Share (EPS) in Fiscal 2021 reflecting the profit on the sale of the business. Octávio de Sousa, Francis Bellen, Martin Bünning, Rolf Hünermann, Anette Gärtner, Jan Weißgerber, Andreas Splittgerber, Amy Yin, Peter A. Emmi and Catherine Jing of Reed Smith acted as legal advisors for Altium. RBS Partners, Atsumi & Sakai, Stek Advocaten B.V. and J. Sagar Associates acted as legal advisors for Altium. Rainer Traugott, Thies Deike, Christina Mann, Christian Jahn, Thomas Fox, Tobias Leder, Susan KempJe-Müller, Jana Dammann, Joachim Grittmann, Thies Deike and Christina Mann of Latham & Watkins LLP acted as legal advisor for FSN. McKinsey acted as management advisor, Altos Advisors acted as strategic advisor, PricewaterhouseCoopers AS acted as accountant for FSN. Crosslake International, Frank Partners and Marsh also advised FSN. Christopher Knipp and Karsten Ley of RSM International Association acted as accountant and Hartmut Wicke of Wicke Herrler acted as legal advisor to Altium. Fsn Capital Gp V Ltd managed by FSN Capital Partners AS completed the acquisition of Non-Core TASKING Business of Altium Limited (ASX:ALU) on February 5, 2021.