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, Ifsl Marlborough UK Micro-Cap Growth, Ifsl Marlborough SPECIAL Situations, Canaccord Genuity Asset Management Limited, Blancco Directors and others for approximately £180 million on August 2, 2023. The transaction will be implemented by way of a takeover offer. 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. As of October 2, 2023, the buyer has received the valid acceptances of the Offer in respect of a total of 36.89 million Shares, representing approximately 48.73% of Blancco's existing issued share capital reported on September 29, 2023. As of October 3, 2023, the buyer has received the valid acceptances of the Offer in respect of a total of 36.9 million Shares, representing approximately 48.73% reported on October 2, 2023. As of October 4, 2023, valid acceptances of the Offer had been received in respect of a total of 37,019,497 Blancco Shares, representing approximately 48.89% of Blancco's existing issued share capital. The acceptance level has been updated to valid acceptances of the offer had been received in respect of a total of 46,851,274 Blancco shares, representing approximately 61.88%. As of October 9, 2023, Francisco Partners has received in respect of a total of 50,245,020 Blancco Shares, representing approximately 66.36 per cent. of Blancco's existing issued share capital. As of October 11, 2023, the Offer ("Valid Acceptances") had been received in respect of a total of 49,595,414 Blancco Shares, representing approximately 65.50 per cent. of Blancco's existing issued share capital. The Offer has also been extended until October 18, 2023, accordingly and remains subject to the terms and conditions set out in the Offer Document. As of October 12, 2023, the Offeror has received 49,753,265 Blancco Shares representing 65.71% of the existing issued share capital of Blancco, towards satisfaction of the Amended Acceptance Condition to its Offer. As of October 16, 2023, the offeror have received valid acceptances of the Offer in respect of a total of 49,753,265 Blancco Shares, and have acquired 7,081,099 Blancco Shares which have not yet settled, representing in aggregate approximately 75.06% of Blancco's existing issued share capital and is waiving down the Acceptance Condition from not less than 75% to not less than 65.71% of Blancco Shares and the Offer has now become unconditional. As of October 17, 2023, Francisco Partners have received valid acceptances in relation to 61,725,436 Blancco Shares (representing 81.52% of the existing issued share capital of Blancco).

Warner Mandel and Anton Black of Rothschild & Co is providing independent financial advice to the Blancco Directors. Nick Adams, Nick Harland, Richard Short and Ben Burnett of Stifel Nicolaus Europe Limited acted as joint financial advisor to Blancco. Simon Bridges and Katherine Hobbs of Canaccord Genuity Limited acted as financial advisor and Ropes & Gray International LLP is acting as legal adviser to Francisco Partners and Bidco. Travers Smith LLP is acting as legal adviser to Blancco.

Francisco Partners Agility II, L.P. managed by Francisco Partners Management, L.P. completed the acquisition of Blancco Technology Group plc (AIM:BLTG) from Inclusive Capital Partners, L.P., Soros Fund Management LLC, Ifsl Marlborough UK Micro-Cap Growth, Ifsl Marlborough SPECIAL Situations, Canaccord Genuity Asset Management Limited, Blancco Directors and others on October 20, 2023. As of October 20, 2023, the Offeror is to commence the compulsory acquisition of the remaining Blancco Shares which it does not currently own or in relation to which it has not received valid acceptances of the Offer. Bidco announces that the Offer will close for acceptance on November 16, 2023 and is expected to become effective on November 17, 2023.