Nordic Capital makes cash offer for Munters
Nordic Capital has made an offer to acquire all shares in Munters AB through the company Cidron Intressenter AB, which is wholly owned by Nordic Capital VII Limited.
Munters is listed on NASDAQ OMX Stockholm. The take-private offer is for SEK 73 per share and is a 7% premium on an offer placed by rival bidder Alfa Laval. The value of the transaction amounts to SEK 5.397bn.
The acceptance period commences on 1 October and ends on 21 October. If the offer is successful, the acquisition will be financed with equity from the Nordic Capital VII fund and bank finance from Swedbank AB. Financial advisers to the investor are Bank of America Merrill Lynch, Nordea Corporate Finance. White & Case and Ashurst Advokatbyrå are legal advisers.
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