Thoma Bravo
04.12.2023 - 07:00:06Acceptance Period of Thoma Bravo’s Public Takeover Offer Commences: EQS Shareholders can Tender their Shares from Today
Thoma Bravo / Key word(s): Offer 04.12.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Acceptance Period of Thoma Bravo’s Public Takeover Offer Commences: EQS Shareholders can Tender their Shares from Today Offer document published today Acceptance period starts today and will run until 12 January 2024; no additional acceptance period Highly attractive cash offer of EUR 40.00 per EQS share, representing a premium of 53% to the closing price on 15 November 2023, and a premium of 61% to the three-month volume weighted average stock exchange price Thoma Bravo has already secured a stake of approx. 69% of the EQS share capital The management board and the supervisory board of EQS are fully supporting the offer MUNICH, Germany – 4 December 2023 – Pineapple German Bidco GmbH, an entity controlled by funds managed and/or advised by Thoma Bravo, L.P. (collectively, "Thoma Bravo") today published the offer document for its public takeover offer (the “Offer”) to the shareholders of EQS Group AG (“EQS”). Starting today, EQS shareholders can tender their shares for an attractive cash consideration of EUR 40.00 per EQS share. The offer price represents a premium of 53% to the XETRA closing share price of EQS on 15 November 2023, the last trading day prior to the announcement to launch the Offer, and a premium of 61% to the three-month volume weighted average stock exchange price (XETRA) prior to and including 15 November 2023. EQS shareholders who wish to accept the Offer should contact their custodian bank or any other securities services company where their EQS shares are being held. The acceptance period ends on 12 January 2024 at 24:00 hrs (Frankfurt am Main local time) or 18:00 hrs (New York local time), respectively. There will be no additional acceptance period. The Offer is subject to customary offer conditions, including regulatory clearances. It does not include a minimum acceptance threshold. The transaction is expected to close by end of January or beginning of February 2024. As of this date, Thoma Bravo already owns approx. 9% of the EQS shares. Together with the shares underlying the irrevocable undertakings and the partial re-investment of CEO and founder Achim Weick, Thoma Bravo has secured a stake of approx. 69% of the share capital of EQS. EQS and Thoma Bravo have agreed that the management board will arrange for the termination of the inclusion of EQS shares in the trading on the open market (Freiverkehr) immediately after completion of the Offer. Such termination may lead to a decrease in the liquidity and to heavier price fluctuations of the EQS shares. A separate delisting offer will not be required. Both the management board and supervisory board of EQS welcome and support the Offer and intend to recommend all EQS shareholders to accept the Offer. In addition to the tender commitment and partial re-investment of Achim Weick, the remaining members of the management board and the supervisory board have also confirmed that they will tender any EQS shares held by them into the Offer. The Offer is made on and subject to the terms and conditions set out in the offer document. The offer document (in German and English language) and other information in relation to the Offer are available on the following website: www.cloud-solutions-offer.com. ### About Thoma Bravo Thoma Bravo is one of the largest software investors in the world, with more than US$133 billion in assets under management as of September 30, 2023. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector expertise and strategic and operational capabilities, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20 years, the firm has acquired or invested in more than 455 companies representing over US$255 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo's website at thomabravo.com. Contacts
04.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Thoma Bravo |
110 N. Wacker Drive | |
IL 60606 Chicago | |
United States | |
Phone: | +1 (312) 254-3300 |
EQS News ID: | 1788049 |
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