Antins Flagship Fund V managed by Antin Infrastructure Partners S.A. made voluntary cash tender offer to acquire Opdenergy Holding, S.A. (BME : OPDE) for approximately ?830 million.

Antins Flagship Fund V managed by Antin Infrastructure Partners S.A. made voluntary cash tender offer to acquire Opdenergy Holding, S.A. (BME : OPDE) for approximately ?830 million on June 12, 2023. Under the terms, Antin Infrastructure will pay ?5.85 per share in cash. Transaction is conditional on reaching a minimum acceptance level of 75% of shares outstanding.

Following a successful closing of the transaction, the Offeror intends to delist Opdenergy from the Spanish stock exchange. The transaction is also subject to customary antitrust and Spanish foreign direct investment approvals as well as the Spanish National Securities Market Commission (CNMV)'s approval. Should acceptances to the offer reach 90% or more of Opdenergy's share capital and voting rights in the terms required by Spanish takeover regulation, a squeeze-out procedure will be implemented to reach 100%.

Nomura Holding America, Inc. acted as a financial advisor to Antin Infrastructure Partners S.A. (ENXTPA:ANTIN). Ernst & Young, S.L. acted as financial due diligence provider to Antin Infrastructure Partners SAS.