Simplified tender offer of Exclusive Networks by CD&R and Permira

A consortium formed by CD&R and Everest UK HoldCo Limited, backed by Permira funds, has announced plans to acquire a majority stake in Exclusive Networks. This operation, which concerns 66.7% of the share capital and theoretical voting rights, will be followed by a simplified mandatory public purchase offer for the remaining shares at a price of €18.96 per share after an exceptional distribution. of €5.29 per share.

The Board of Directors of Exclusive Networks welcomed the offer, and established an ad hoc committee and appointed Finexsi as an independent expert to assess the financial conditions. The transaction is expected to be completed in the first quarter of 2025, subject to obtaining the necessary authorizations and shareholder approval for the exceptional distribution.