A consortium of existing shareholders in BuildData led by Gustave Geisendorf made a bid to acquire the remaining 30.12% stake in BuildData Group AB (publ) (OM:BUILD) for SEK 72.5 million on July 24, 2023. The shareholders of BuildData are offered SEK 3.53 in cash for each share in BuildData. The members of the Consortium own in aggregate 47,639,416 shares, corresponding to approximately 69.9% of all shares and votes in BuildData. The consortium of investors consists of Athanase Industrial Partners Fund II, Athanase Industrial Partners II KB, Hållbar AB, Brian Dodsworth, Gareth Burton, Per Åkerman, Marcus Schiller, Stephen Tarpey, Erik Gabrielson, Stefan Lanefelt, Tom Boland, Mike White, Mikael Näsström and James Cannon. Completion of the Offer is not subject to any financing condition. The Offer Price payable to shareholders of BuildData that accept the Offer is financed in full by funds available to the Offeror through a loan under an acquisition facility issued by Celina Fondförvaltning AB. Completion of the Offer is conditional upon, receipt of all necessary regulatory, governmental, or similar clearances, approvals and decisions, and other similar measures from authorities. The Offeror has not conducted a due diligence review of BuildData prior to the announcement of the Offer. In the event of the Offeror owns more than 90% Offeror intends to commence a compulsory buy-out procedure in respect of the remaining shares in BuildData. The offer is expected to be made public on or around August 23, 2023. The acceptance period in the Offer is expected to commence on or around August 24, 2023, and expire on or around September 21, 2023. As of August 23, 2023, The Offer will be open for acceptance from August 24 to September 21, 2023. The settlement should start around September 28, 2023.

The Offeror has engaged Advokatfirma DLA Piper Sweden KB as legal advisers and Avanza Bank AB as issuing agent in connection with the Offer. Pareto Securities AB acted as fairness opinion provider to BuildData Group AB (publ). According to the fairness opinion, Pareto Securities AB is of the opinion that the Offer does reflect the current underlying value in the BuildData and, therefore, a fair valuation of the BuildData Group AB (publ).

A consortium of existing shareholders in BuildData led by Gustave Geisendorf completed the acquisition of the remaining 30.12% stake in BuildData Group AB (publ) (OM:BUILD) for SEK 72.5 million on September 21, 2023.