Exact Holding in potential €854m buyout
Dutch software firm Exact Holding has been approached for a possible takeover that would see it delist from the Euronext Amsterdam at a price of €30-35 per share.
The indicative price range would value Exact at up to €854m. Rothschild has reportedly been hired to oversee the sale process.
Exact currently has a market cap of €751m. Share price leapt following the announcement by the business, spiking from €24.9 to €36 on Friday afternoon (11 July).
Apax and KKR have been mooted as potential bidders by Reuters.
A sale would follow in the footsteps of Advent International's take-private of Dutch software company Unit4 in November last year for an enterprise value of €1.28bn. Preliminary talks from private equity firms had also resulted in a €35 per share offer.
Delft-headquartered Exact was founded in 1984 and has been listed on the Euronext Amsterdam since 1999. The company recorded €213m in revenues last year. Its CEO is Erik van der Meijden.
More on Benelux
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
Letter from the editor: Unquote is moving to Mergermarket
Unquote Editor Harriet Matthews outlines Unquote.com's upcoming move to the Mergermarket platform and the new capabilities and intelligence that this brings to Unquote readers
Evoco expects portfolio acquisitions, assesses potential exits in 2H23
Switzerland-headquartered GP is currently deploying equity via its EUR 162m Evoco TSE III fund
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater