Kildare European Partners II, a fund managed by Kildare Partners UK, LLP entered into an agreement to acquire Technopolis Plc (HLSE:TPS1V) from Varma Mutual Pension Insurance Company, Mercator Capital, City Of Oulu and others for approximately €730 million on August 28, 2018. Under the terms of the agreement, Kildare European Partners II will launch a cash tender offer for all the shares of Technopolis at a price of €4.65 per share. Kildare Holdings, Ltd, acting as the general partner of Kildare GenPar II, L.P., in turn acting as the general partner of Kildare European Partners II, L.P., has executed an equity commitment letter addressing the availability of funds required for this tender offer. Kildare intends to change the composition of the Board of Directors of Technopolis after the completion of the tender offer. As of February 14, 2019, Nasdaq Helsinki Ltd decided that the shares in Technopolis Plc will be delisted from the official list of Nasdaq Helsinki after Kildare has gained title to all the shares in Technopolis in the redemption proceedings in accordance with the Finnish Companies Act. The tender offer is subject to certain conditions including, valid acceptance of such number of shares making Kildare’s ownership to at least 90% stake in Technopolis on a fully-diluted basis, receipt of all necessary approvals, permits, consents, clearances or other actions by any competition authorities or other regulatory authorities and other customary conditions. The Board of Directors of Technopolis has unanimously decided to recommend that the shareholders of Technopolis accept the tender offer. Current shareholders of 34.5% stake in Technopolis, Varma Mutual Pension Insurance Company and Mercator Capital have signed conditional irrevocable undertakings to tender their shares in the tender offer except for certain scenarios including higher bids. Tender offer is expected to commence on September 7, 2018 and expire on October 10, 2018. As of October 2, 2018, the Federal Antimonopoly Service of Russia has approved the transaction. As of October 10, 2018, the shares tendered in the tender offer, together with the total of 6.53 million shares acquired by Kildare Partners through market purchases, represent approximately 93.12% stake in Technopolis and minimum tender condition has therefore been achieved and all conditions to completion of the tender offer have been fulfilled. In order to provide the remaining shareholders the possibility to still accept the tender offer, Kildare Partners has decided to open a subsequent offer period in accordance with the terms and conditions of the tender offer. The subsequent offer period will commence on October 16, 2018 and expire on October 30, 2018. Kildare Partners’ holdings in Technopolis will exceed nine-tenths (9/10) of the shares and votes in Technopolis upon the settlement of the trades regarding the shares already tendered in the tender offer. Kildare Partners will thereafter initiate redemption proceedings to redeem the remaining shares in accordance with the Finnish Companies Act. On October 16, 2018, Varma Mutual Pension Insurance Company, Mercator Capital AB and City Of Oulu had sold all of its shareholding in Technopolis. The Finnish Financial Supervisory Authority has on October 17, 2018 approved the supplement to the tender offer document. All conditions to completion of the tender offer have been fulfilled and offeror will complete the tender offer. The offeror has declared tender offer unconditional. Petri Haussila, Timo Airisto, Petri Avikainen, Tanja Törnkvist, Jarlath McGurran, Heidi Hietanen, Essi Lavikkala, Jon Termonen, Heidi Blomqvist, Artturi Puoskari, Asta Tukiainen and James Turner of White & Case LLP acted as legal advisors whereas Skandinaviska Enskilda Banken AB (Helsinki Branch) acted as financial advisor to Technopolis Plc and provided fairness opinion to the Board of Directors of Technopolis Plc. J.P. Morgan Securities Plc and Eero Ehrnrooth, Alexandra Therman-Londen, Rami Katajisto, Johannes Vanne, Jens Nystrand and Klara Wessman of Nordea Bank AB (publ), Finnish Branch acted as financial advisors whereas Hannes Snellman Attorneys Ltd. and Jones Day acted as legal advisors to Kildare Partne rs UK, LLP.