Searchlight Capital Partners, L.P. made an offer to acquire Opus Group AB (publ) (OM:OPUS) from a group of shareholders for SEK 2.3 billion on November 29, 2019. On November 29, 2019, Searchlight Capital Partners, L.P. informed the Swedish Financial Supervisory Authority about the offer. As on December 2, 2019, Searchlight Capital Partners, L.P. made an offer to the shareholders of Opus Group AB (publ). Searchlight Capital Partners will acquire 270.7 million shares at an offer per share of SEK 7.75. In addition, Lothar Geilen, whose total ownership amounts to 19.6 million shares in Opus, has committed to contribute all of his shares, corresponding to approximately 6.8% of the shares and votes in Opus, to Searchlight Capital Partners in exchange for shares in Searchlight Capital Partners upon completion of the offer. As of December 20, 2019, Searchlight Capital Partners increased the consideration to SEK 8.50 in cash. The offer does not extend to the holders of warrants issued by Opus within incentive programs, but following completion of the offer, Searchlight Capital Partners will ensure that the warrant holders are afforded reasonable treatment outside the offer. The consideration payable in respect of the offer is financed in full by funds available to Searchlight Capital Partners by way of an equity commitment letter from its investors. Searchlight Capital Partners retains the right to raise debt financing for portions of the consideration at a later stage. The financing provides Searchlight Capital Partners with sufficient cash resources to satisfy in full the consideration payable in respect of the offer and, accordingly, completion of the offer is not subject to any financing condition. Lothar Geilen, through his shareholding and irrevocable undertakings from Opus' Co-Founders, Magnus Greko and Jörgen Hentschel, Searchlight Capital Partners has secured ownership of approximately 21.2% of the Opus shares in the offer. In addition, a shareholder representing approximately 3.8% of the Opus shares has expressed support for the offer. Therefore, Searchlight Capital Partners has cumulatively received support for its offer from shareholders representing approximately 25% of the shares in Opus. Henrik Wagner Jørgensen who owns and manages approximately 11 million shares in Opus, has expressed his support of the offer. If Searchlight Capital Partners, whether in connection with the offer or otherwise, acquires shares representing more than 90% of the total number of shares in Opus, Searchlight Capital Partners intends to commence compulsory redemption proceedings under the Swedish Companies Act to acquire all remaining shares in Opus and to promote delisting of Opus' shares from Nasdaq Stockholm. Lothar Geilen, Chief Executive Officer of Opus will continue to be run on a business-as-usual basis during the offer period, however with the Chairman of the Board being closely involved in important operational decisions. The offer is conditional upon the offer being accepted to such extent that Searchlight Capital Partners becomes the owner of shares representing at least 70% of the total number of outstanding shares in Opus, no other party announcing an offer to acquire shares in Opus on terms that are more favorable to the shareholders of Opus than the offer, all necessary clearances, approvals, decisions and other actions from authorities or similar, including approvals from competition authorities and neither the offer nor the acquisition of Opus being rendered wholly or partially impossible or significantly impeded as a result of legislation or other regulation, any decision of a court or public authority, or any similar circumstance, which is actual or can reasonably be anticipated, and which Searchlight Capital Partners could not reasonably have foreseen at the time of announcement of the offer. Searchlight Capital Partners reserves the right to withdraw the offer in the event that it is clear that any of the above conditions are not satisfied or cannot be satisfied. RWC European Focus Fund acknowledged that offer undervalues Opus and it does not currently intend to tender their shares. As of December 20, 2019, the Board of Directors of Opus decided to unanimously recommend the shareholders of Opus to accept the offer. The acceptance period for the offer is expected to begin on or about December 5, 2019 and expire on or about January 9, 2020. Commencement of settlement is expected to occur on January 16, 2020. As of December 20, 2019, Searchlight Capital Partners extends the acceptance period to January 13, 2020. As of January 16, 2020, the shares tendered in the offer at the end of the extended acceptance period on January 13, 2020, together with the shares otherwise controlled by Searchlight Capital Partners, amount to in aggregate 230,574,223 shares in Opus, corresponding to approximately 79.4% of the share capital and the voting rights in Opus. Searchlight Capital Partners hereby announces that all conditions for completion of the offer have been fulfilled. Accordingly, the offer is declared unconditional in all respects and Searchlight Capital Partners will complete the acquisition of the shares tendered in the offer. Settlement for shares tendered in the offer during the extended acceptance period on January 13, 2020 will take place on January 21, 2020. To provide the remaining shareholders of Opus who have not tendered their shares time to accept the offer, the acceptance period will be extended beyond this date, until February 13, 2020. Searchlight Capital Partners may acquire shares in Opus in the market during the now extended acceptance period, however not at a price exceeding the price in the offer of SEK 8.50. Searchlight Capital Partners will submit a request to the board of directors of Opus regarding a notice convening an extraordinary general meeting, to be held on February 20, 2020, in order to consider an election of new members of the board of directors in Opus. A notice convening the extraordinary general meeting will be issued by the board of directors of Opus. Searchlight Capital Partners will continue to strive towards an ownership of more than 90% and thereafter initiate compulsory redemption of the remaining shares in Opus as well as promote a de-listing of Opus' shares from Nasdaq Stockholm. Settlement of the Revised Offer is expected to commence on January 21, 2020. As of January 8, 2020, the RWC European Focus Fund accepted the revised offer and thus tendered its position in Opus Group AB. Jefferies International Limited acted as financial advisor, Jens Bengtsson, Fredrik Rydin, Henrik Fritz of Roschier Advokatbyrå Ab and Gavin Gordon and Mark Fine of Willkie Farr & Gallagher LLP (U.K.) acted as legal advisors to Searchlight Capital Partners. Mattias Friberg, Claes Kjellberg of Hannes Snellman Advokatbyrå AB acted as legal advisors for Lothar Geilen. Lazard AB acted as financial advisor and Advokatfirman Vinge KB acted as legal advisor for Opus Group AB (publ). Skandinaviska Enskilda Banken AB acted as fairness opinion provider to the board of Opus Group. Searchlight Capital Partners, L.P. completed the acquisition of 83.3% stake in Opus Group AB (publ) (OM:OPUS) from a group of shareholders for SEK 2.1 billion on February 14, 2020. Searchlight Capital Partners acquire a total of 241.8 million shares in the offer and 0.87 million shares outside the offer and now holds 242.6 million shares representing 83.6% stake in Opus Group AB.