A fund managed Five V Capital agreed to acquire 25% stake in BioPak Pty Limited from Duni AB (publ) (OM:DUNI) for AUD 65.8 million on December 13, 2022. The purchase price amounts to AUD 65.8 million out of that AUD 61.3 m is paid when the transaction is closed in December 2022 and AUD 4.5 million may be paid between Q3 2023 and Q3 2024 when certain predetermined conditions are met. Duni Group will after the transaction hold 53% of the shares in BioPak Pty Ltd. Following the transaction, Equistock Holdings 33 Pty Limited will hold 15% of the shares.

The existing put and call option has thus been dissolved with a settlement amount of AUD 8.3 million to be paid on the closing date. Five V has a put option if a shareholder, other than Mellby Gsrd AB, would acquire minimum 40% of the shares in Duni Group. Following the Transaction, Five V will in total hold 30% of the shares in BioPak Pty Ltd. The remaining 2% is subject to vesting conditions under a staff share incentive scheme held by employees in the BioPak Group.

The transaction completion is subject to customary closing conditions.