Altor Fund V (No. 1) AB and Altor Fund V (No. 2) AB, managed by Altor Equity Partners AB and Stena Adactum AB (offerors) made an offer to acquire the remaining 74.03% stake in Gunnebo AB (publ) (OM:GUNN) from Vätterledens Invest AB, If Skadeförsäkring Holding AB (publ) and other shareholders for approximately SEK 1.8 billion on September 28, 2020. Under the terms, 70.746894 shares of Gunnebo will be acquired at an offer price of SEK 25 per share. Pre-acquisition, Vätterledens Invest AB, If Skadeförsäkring Holding AB (publ) and Stena Adactum AB hold 19.5%, 10.6% and 25.9% stake in Gunnebo. The transaction is financed in full by a combination of funds available via an equity commitment from Altor Fund V (No. 1) AB and Altor Fund V (No. 2) AB and financing provided under an agreement arranged by Nordea Baank Abp. If the requisite number of shares are acquired, then Altor Fund V (No. 1) AB, Altor Fund V (No. 2) AB and Stena Adactum AB intend to commence compulsory redemption and intends to promote delisting of Gunnebo’s shares from Nasdaq. The transaction is subject to shareholders of Gunnebo accepting the offer to such an extent that offerors become the owner of more than 90% of the total number of shares in Gunnebo, receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions and other actions from authorities or similar, including from competition authorities and approval from EU Commission and the merger control authority in Turkey. The transaction is approved by the Board of Gunnebo AB unanimously. As of November 10, 2020, offerors have received necessary competition clearances from the European Commission and the Turkish competition authority for the recommended public offer to the shareholders of Gunnebo Aktiebolag. The offerors have obtained all necessary regulatory, governmental or similar clearances, approvals, decisions and other actions from authorities or similar, including from competition authorities, and that this condition for the completion of offer has been satisfied. As of November 17, 2020, the offerors have become the owner of 94.5% stake in Gunnebo and all conditions for completion of the offer have been fulfilled. The offer has therefore been declared unconditional. The offer period will run from October 1, 2020 to November 12, 2020. On November 17, 2020, the tender offer period was extended until December 2, 2020. The extraordinary general meeting will be held on December 16, 2020. Carl Montalvo, Per Svensson, Maximillian Hjorth and Rikard Schwalbe of Skandinaviska Enskilda Banken AB (publ.) (OM:SEB A) and Mannheimer Swartling Advokatbyrå AB acted as financial and legal advisor to Gunnebo respectively. Skandinaviska Enskilda Banken AB also acted as fairness opinion provider to Gunnebo. Nomura International Plc is acting as financial advisor to Altor Equity Partners AB and Stena Adactum AB. Nordea Bank Abp (OM:NDA SE) is acting as financial advisor to Altor Equity Partners AB and Stena Adactum AB. Carnegie Investment Bank AB (publ) acting as financial advisor to Altor Equity Partners AB. Advokatfirman Vinge KB acting as legal advisor to Altor Equity Partners AB and Stena Adactum AB. Roschier Advokatbyrå Ab acted as legal advisor to Altor Equity Partners AB and Stena Adactum AB.