General Atlantic L.P., managed by General Atlantic Service Company, L.P. and persons acting in concert announced a mandatory tender offer to acquire remaining stake in Epsilon Net S.A. from Barca Global Master Fund, managed by Barca Capital and others for approximately ?240 million.

General Atlantic L.P., managed by General Atlantic Service Company, L.P. and persons acting in concert announced a mandatory tender offer to acquire remaining stake in Epsilon Net S.A. (ATSE:EPSIL) from Barca Global Master Fund, managed by Barca Capital and others for approximately ?240 million on April 25, 2024. The Offeror offers ?12.00 in cash, for each Tender Offer Share that is legally and validly offered to it within the acceptance period of the Tender Offer. Following the execution of the Agreement, the Offeror and the Persons Acting In Concert at the Tender Offer Date hold directly or indirectly for the purposes of the Law Shares, that correspond to 62.92% of the share capital of the Company.

The transaction is subject to receipt of the required approvals from the Commission for Examination of Foreign Direct Investments in Romania or the Romanian Competition Council or the Romanian Government. Euroxx Securities S.A. acts as financial advisor to the Offeror and EUROCORP INVESTMENT SERVICES S.A. provided fairness opinion to Offeror.