EQT is today announcing that the
The price amounts to
The offer is the result of a competitive process driven by the Adapteo board of directors with support from EQT Public Value as the largest owner of Adapteo with 17.6 percent of the shares. Furthermore, the attractive valuation implied by the offer reflects Adapteo's market leading position within Northern European social infrastructure, its leading ESG position as well as the long-term attractiveness and future potential in both Adapteo and the industry.
Commenting on the Tender Offer, Niklas Ringby, Partner and Co-Head of the EQT Public Value advisory team, said:
"With EQT Public Value as the largest shareholder and
Niklas Ringby continues: "EQT Public Value has supported the board of directors in creating a competitive process including relevant European infrastructure funds with long-term investment horizons, attracted by Adapteo's strong infrastructure characteristics. After several rounds of indicative bids, this has ultimately resulted in Palace Bidco launching an offer representing a 53 percent bid premium. We believe the offer is an attractive opportunity for Adapteo's shareholders to crystallize their investment in the company at a compelling valuation and significant premium."
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT and EQT Public Value
EQT is a purpose-driven global investment organization with more than
EQT Public Value targets publicly listed mid-market companies in
More info: www.eqtgroup.com
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https://news.cision.com/eqt/r/eqt-public-value-enters-irrevocable-undertaking-to-accept-palace-bidco-s-tender-offer-for-adapteo-at,c3347606
https://mb.cision.com/Main/87/3347606/1417979.pdf
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