Long Path Partners, LP made an offer to acquire 19.3% stake in Dalet S.A. (ENXTPA:DLT) for €10.4 million on November 4, 2020. Long Path Partners, LP will pay €13.52 per share. In related transaction, Long Path Partners, LP entered into agreements to acquire 80.7% stake in Dalet. Long Path Partners, LP may also decide to implement a squeeze-out at the end of the tender offer if the threshold condition is met.

The closing of the simplified tender offer may occur in the first quarter of 2021. Alantra France Corporate Finance SAS acted as financial advisor to Long Path Partners, LP.