Crownpeak Holdings, LLC agreed to acquire ATTRAQT Group plc (AIM:ATQT) from Board of Directors, Kestrel Partners LLP, Ruffer LLP, Herald Investment Management Limited, Hargreave Hale Limited, Lombard Odier Asset Management (Europe) Limited and other shareholders for £63.2 million on September 29, 2022. The acquisition will be implemented by way of a Court-sanctioned scheme of arrangement. The offer price is 30 pence cash per share. The transaction is expected to be financed through a combination of equity financing of £66.12 million and debt financing available under the amended credit agreement. The acquisition will offer continuing opportunities for Attraqt staff as part of the combined group. Crownpeak intends to align the conditions of employment of the employees and management of Attraqt with Crownpeak's employment policies in the region, without having a material impact on the overall terms and conditions of employment.

Attraqt Directors unanimously recommended the scheme. The scheme is subject to approval of Attraqt shareholders at the Court and the General Meeting, Court approval and other regulatory approvals. As of November 9, 2022, Attraqt shareholders approved the transaction. As of November 24, 2022, High Court of Justice in England and Wales granted the Court Order sanctioning the Scheme. Crownpeak has received irrevocable undertakings and letters of intent from Board of Directors namely; Mark Adams, Tom Crawford, Eric Dodd and Luke McKeever, Kestrel Partners LLP, Ruffer LLP, Herald Investment Management Limited, Hargreave Hale Limited and Lombard Odier Asset Management (Europe) Limited to vote in favor of the scheme with respect to a total of 84,890,122 Attraqt shares, representing approximately 42.12%. The acquisition is expected to become effective during the fourth quarter of 2022. As of November 24, 2022, the High Court of Justice in England and Wales granted the Court Order sanctioning the Scheme. The Scheme will become effective upon the Court Order (duly sealed by the Court) being delivered to the Registrar of Companies, which is expected to occur on December 6, 2022.

Junya Iwamoto and William Tridimas of Raymond James acted as independent financial advisor, Simon Bridges and Adam James of Canaccord Genuity acted as nominated advisor, Taylor Wessing LLP acted as legal adviser and Link Group acted as registrar to Attraqt. Henrik Persson, Seamus Fricker and Charlie Beeson of finnCap acted as financial advisor, Latham & Watkins (London) LLP and Kirkland & Ellis LLP acted as legal advisers to Crownpeak.

Crownpeak Holdings, LLC completed the acquisition of ATTRAQT Group plc (AIM:ATQT) from Board of Directors, Kestrel Partners LLP, Ruffer LLP, Herald Investment Management Limited, Hargreave Hale Limited, Lombard Odier Asset Management (Europe) Limited and other shareholders on December 6, 2022. Tom Crawford, Grahame Cook, Laura Harnett, Luke McKeever and Robert Fenner have resigned from the Board of Attraqt and Andrew Doane, Sujit Banerjee, David Pincus and Jonah Paransky have been appointed to the Board of Attraqt,