AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) agreed to acquire Division of Agfa Offset Solutions from Agfa-Gevaert NV (ENXTBR:AGFB) for an enterprise value of €92 million on August 30, 2022. Under the terms of the agreement, it is subject to customary working capital and net financial debt adjustments as well as minority share and net pension debt deductions.

The proposed transaction is subject to customary employees’ information and consultation processes, regulatory approvals and closing conditions. Both parties aim to complete the transaction in the course of the first quarter of 2023. In FY21, Agfa Offset Solutions generated €748 million in revenues which translates into a global market share of roughly 20 percent.

DC Advisory acted as financial advisor to AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4). Jakub Lorys and Matthias Köhler of Baker & Mckenzie acted as legal advisor to AURELIUS Equity Opportunities SE & Co.

KGaA (XTRA:AR4). KPMG acted as tax advisor to AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4).

BNP Paribas Fortis SA/NV acted as financial advisor to Agfa-Gevaert NV (ENXTBR:AGFB). Linklaters LLP acted as legal advisor to Agfa-Gevaert NV (ENXTBR:AGFB). The Transaction is now expected to complete in the first week of April 2023.

As of April 6, 2023, Agfa Offset Solutions is readying a new name for its future as a standalone business.