OEP 14 Coöperatief U.A. eneterd into an agreement to acquire 18.77% stake in Techedge S.p.A. (BIT:EDGE) from Masada S.R.L. and Edoardo Narduzzi for €26.1 million on July 26, 2020. Under the terms, Masada agreed to sell its 4,489,900 shares of Techedge, representing 17.42% stake and Edoardo Narduzzi agreed to sell his 348,480 shares, representing 1.35% stake in Techedge to OEP at €5.4 per share. In a related transaction, OEP 14 Coöperatief U.A. made an offer to acquire remaining 81.2% stake in Techedge S.p.A. from Techies Consulting S.L. and others. This transaction will be closed between October 12, 2020 and payment date of October 30, 2020. Masada will reinvest 90% of its proceeds in OEP 15.