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GERMANY - BPE makes tender offer for Computerlinks

  • Mareen Goebel
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Barclays Private Equity (BPE) has announced a tender offer to shareholders of IT services provider Computerlinks AG. The acquisition vehicle Platin 274.GmbH, in which a fund managed by BPE holds an indirect participation, intends to offer to Computerlinks' shareholders EUR 15.50 per share in a voluntary public tender offer and is aiming for a minimum acceptance rate of 75%.

The offer price equates to a premium of 38.9% against the Xetra closing price of the company's shares on 16 June 2008, and of 31.6 percent against the volume-weighted average Xetra price of the shares over the past three months.

Munich-based Computerlinks AG has welcomed the offer in principle and has stated it will be thoroughly examined.

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