CD&R and Permira Announce the Acquisition of a Block of 66.7% of Exclusive Networks’ Share Capital and the Subsequent Launch of a Simplified Tender Offer for 100% of Exclusive Networks’ Share Capital
2024年12月18日 - 1:00AM
ビジネスワイヤ（英語）
Regulatory News:
On 24 July 2024, CD&R and Everest UK HoldCo Limited, an
entity controlled by the Permira funds and the then direct majority
shareholder of Exclusive Networks (Paris:EXN), announced the
formation of a consortium with Olivier Breittmayer, the founder of
Exclusive Networks, (together, the "Consortium") for the
purpose of acquiring (directly or indirectly, by way of sales and
contributions), through a dedicated entity jointly controlled by
CD&R and Permira ("BidCo"), the shares of Exclusive
Networks held by Everest UK HoldCo Limited and Olivier Breittmayer
(the “Acquisitions”), subject to certain conditions
precedent.
The Consortium hereby announces that the last condition
precedent necessary for the closing of the Acquisitions (namely,
the payment by Exclusive Networks of an exceptional distribution of
€5.29 per share (the “Exceptional Distribution”) has been
satisfied on 16 December 2024 and that the Acquisitions have been
subsequently completed on 17 December 2024, at a price of €18.96
per share following payment of the Exceptional Distribution.
Following the completion of the Acquisitions, the majority stake
held by BidCo represents 66.7% of the share capital and 66.7% of
the theoretical voting rights of Exclusive Networks1.
BidCo will file in the coming days a simplified mandatory tender
offer on the remaining shares of Exclusive Networks at a price of
€18.96 per share (the “Offer”). BidCo will subsequently
request the implementation of a squeeze-out if the legal conditions
are met at the end of the Offer.
Subject to AMF’s clearance of the Offer, it is currently
envisaged that the Offer may be opened in February 2025.
It is reminded that, on 23 July 2024, the Board of Directors of
Exclusive Networks unanimously welcomed the Offer without prejudice
to the reasoned opinion to be issued by the Board following receipt
of the fairness opinion from Finexsi, appointed as independent
expert.
This press release has been prepared for information purposes
only. It does not constitute an offer to purchase or a solicitation
to sell Exclusive Networks shares in any country, including France.
There is no certainty that the simplified tender offer mentioned
above will be filed or opened. The dissemination, publication or
distribution of this press release may be subject to specific
regulations or restrictions in certain countries. Accordingly,
persons in possession of this press release are required to inform
themselves about and to comply with any local restrictions that may
apply.
About CD&R
Founded in 1978, CD&R is a leading private investment firm
with a strategy of generating strong investment returns by building
more robust and sustainable businesses through the combination of
skilled investment experience and deep operating capabilities. In
partnership with the management teams of its portfolio companies,
CD&R takes a long-term view of value creation and emphasizes
positive stewardship and impact. The firm invests in businesses
that span a broad range of industries, including industrial,
healthcare, consumer, technology and financial services end
markets. CD&R is privately owned by its partners and has
offices in New York and London. For more information, please visit
www.cdr-inc.com and follow the firm's activities through LinkedIn
and @CDRBuilds on X/Twitter.]
About Permira
Permira is a global investment firm that backs successful
businesses with growth ambitions. Founded in 1985, the firm advises
funds across two core asset classes, private equity and credit,
with total committed capital of approximately €80bn.
The Permira private equity funds make both long-term majority
(Buyout) and minority (Growth Equity) investments in five key
sectors: Technology, Consumer, Healthcare, Services and Climate.
The Permira credit funds have provided businesses with flexible
financing solutions across both Private and Liquid Credit products
for nearly 20 years.
The Permira funds have an extensive track record in technology
investing, having invested more than $28 billion in c.80 companies
across enterprise cloud adoption, cybersecurity, SaaS, fintech,
digital commerce and online marketplaces. The Permira funds have
previously supported and helped scale some of the largest and
fastest-growing technology businesses globally, including, Genesys,
TeamViewer, Zendesk, McAfee, Mimecast, Carta, G2, Sysdig, Sonar,
Mirakl and others.
Permira employs over 500 people in 16 offices across Europe, the
United States and Asia. For more information, visit www.permira.com
or follow us on LinkedIn.
___________________________ 1 Based on a total number of
theoretical voting rights as of 23 September 2024 of
91,670,286.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241217856427/en/
The Consortium: Teneo
ExclusiveNetworks@teneo.com
UK Rob Yates +44 (0)7715 375443
France Alexandre Dechaux +33 6 17 96 61 41
CD&R Emma Chandra echandra@cdr.com +44 (0)7518
352758
Permira Vanessa Maydon / James Williams
media@permira.com
Excellon Resources (TSX:EXN)
過去 株価チャート
から 12 2024 まで 1 2025
Excellon Resources (TSX:EXN)
過去 株価チャート
から 1 2024 まで 1 2025
