Hellman & Friedman's Nets take-private gets over finish line

Final shareholder acceptance stood at 94.1%. The voluntary, recommended public takeover offer for Nets was completed and settled as of 12 February, triggering the compulsory acquisition of minority shareholders.

Hellman & Friedman announced its intention to acquire and de-list Nets in a DKK 33.1bn deal in September 2017.

The deal is being conducted through Evergood 5, a company formed by a group of investors led by Hellman & Friedman.

In September 2016, Advent International and Bain Capital Private Equity listed Nets in one of the largest Nordic private-equity-backed IPOs since 2010, according to Unquote Data. The buyout consortium listed the company just two years after the two GPs acquired Nets from a group of Danish and Norwegian banks for DKK 17bn.

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