Constellation Software Inc. signed a sale and purchase agreement to acquire Nedsense Nedgraphics B.v. from NedSense Enterprises NV for 7.5 million.
Completion of the transaction is subject to approval of the shareholders of NedSense. The Board of Directors and the Supervisory Board of NedSense believe the transaction to be in the best interest of NedSense and its stakeholders, including its shareholders, and fully and unanimously support and recommend the shareholders to approve the transaction. NedSense's major shareholders including Project Holland Fonds, Todlin and Nantahala Capital Partners, together representing 59% of NedSense's issued share capital, have already irrevocably agreed to support the transaction and to vote in favour of the transaction. An extraordinary general meeting of shareholders is expected to take place on October 7, 2014. The transaction is expected to be completed on October 8, 2014. Proceeds will be used to reduce debt and further invest in LOFT to enter new markets. Hans Beerlage, Dirk Berendsen and Jan Hendrik Horsmeier from Clifford Chance acted as legal advisors for NedSense Enterprises NV. Boer & Croon Corporate Finance acted as financial advisor for NedSense Enterprises NV.