Francisco Partners Agility II, L.P. managed by Francisco Partners Management, L.P. agreed to acquire Blancco Technology Group plc (AIM:BLTG) from Inclusive Capital Partners, L.P., Soros Fund Management LLC and others for approximately £180 million on August 2, 2023. The Offer values the entire issued and to be issued share capital of Blancco at approximately £175 million. The Cash Consideration payable to Blancco Shareholders under the terms of the Offer will be financed by a combination of equity funding to be invested indirectly by the Francisco Partners Funds and committed debt funding to be provided by the Lenders under the Interim Facilities Agreement.

Blancco Directors intend to recommend unanimously that Blancco Shareholders accept the Offer. Canaccord Genuity, financial advisor to Francisco Partners and Bidco, confirms that it is satisfied that sufficient resources are available to Bidco to enable it to satisfy the full cash consideration payable to the Blancco Shareholders under the terms of the Offer. The Blancco Directors, who have been so advised by Rothschild & Co as to the financial terms of the Offer, consider the terms of the Offer to be fair and reasonable.

In providing financial advice to the Blancco Directors, Rothschild & Co has taken into account the commercial assessments of the Blancco Directors. Rothschild & Co is providing independent financial advice to the Blancco Directors for the purposes of Rule 3 of the Takeover Code. Ropes & Gray International LLP is acting as legal adviser to Francisco Partners and Bidco.

Travers Smith LLP is acting as legal adviser to Blancco.