Cassidian SAS signed a cession agreement to acquire 83.9% stake in Arkoon Network Security (ENXTPA:ALARK) from ACE Management, Siparex Croissance (ENXTPA:ALSIP) managed by Groupe Siparex, Siparex Développement, SCR managed by BNP Paribas Développement SA, SCR, Siparex Proximité Innovation, Initiative & Finance, Ventech, founders, management and other shareholders of Arkoon for €14.4 million on April 26, 2013. Under the terms of the agreement, Cassidian agreed to pay €3.25 per share. Following the purchase, which is expected to close in May 2013, Cassidian intends to launch a simplified tender offer and then carry out a mandatory squeeze-out procedure to acquire the rest of the shares at the same price, in case it reaches a threshold limit of 95%. Paper Audit & Conseil acted as an accountant to Arkoon Network Security. Amalia Naveira and Marie-Claude Triquet of Actus acted as public relations advisors to Arkoon. Xavier Norlain, Jérémy Scemama, Olivier Desvernay, Elise Aubert, Jérôme Halphen, Eva Amor of DLA Piper, Jean Goncalves, Marie Georges Picot of Hoyng Monegier acted as legal advisors for Cassidian SAS. Eric Demuyt, Benoît Bestion of Eight Advisory acted as financial advisor for Cassidian SAS. Jean-Louis Kirch, Geoffroy Pacault, Jonathan Coll of PricewaterhouseCoopers acted as financial advisor and Frédéric Bucher, Christine Le Breton, Léa Evrard, Bertrand Araud of Sarrau Thomas Couderc acted as legal advisor for ACE Management, BNP Paribas Développement SA, SCR, Groupe Siparex, Initiative & Finance, Ventech, founders, management and other shareholders. PricewaterhouseCoopers acted as financial advisor to Arkoon Network Security.


Cassidian SAS completed the acquisition of a 83.9% stake in Arkoon Network Security (ENXTPA:ALARK) from ACE Management, Siparex Croissance (ENXTPA:ALSIP) managed by Groupe Siparex, Siparex Développement, SCR managed by BNP Paribas Développement SA, SCR, Initiative & Finance, Ventech, founders, management and other shareholders of Arkoon on May 17, 2013. Cassisdian intends to launch a tender offer to acquire the remaining shares of Arkoon Network.