Triton launches take private bid for HiQ International

The pan-European GP has offered SEK 70 in cash for each share in the company, amounting to a total of SEK 3.9bn (€376m). 

The GP will make the proposed investment from Triton Fund V, which held a final close in January 2019 on its hard-cap of €5bn. The vehicle targets northern European mid-market buyout opportunities. 

The listed company has mandated Danske Bank as financial adviser and Setterwalls Advokatbyrå as legal adviser in relation to the offer.

According to a statement from HiQ's board of directors, the company's shareholders have until 1 October to accept the offer.

Founded in 1995, HiQ currently employs 1,500 staff in four countries and is listed on the Nasdaq Stockholm MidCap list. In the first half of 2020, the company generated net sales of SEK 917.8m and an operating profit of SEK 92.9m. 

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