German Capital, alongside the Hellwig family, has made an offer of EUR 7.20 per share for a 45% stake in listed kitchen outfitter Alno AG. The investment will be made via Küchen Holding GmbH, a vehicle set up by German Capital. The offered share price represents a premium of 13% against the average for the last six months.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018