Kurs & Likviditet
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|2022-11-30||Halvårsutdelning EQT 1.4|
|2022-06-02||Halvårsutdelning EQT 1.4|
|2021-11-30||Halvårsutdelning EQT 1.2|
|2021-06-03||Halvårsutdelning EQT 1.2|
|2020-11-30||Halvårsutdelning EQT 1.1|
|2020-06-09||Halvårsutdelning EQT 1.1|
DGAP-News: EQT AB / Key word(s): Takeover
EQT Private Equity announces voluntary public takeover offer for all zooplus shares with the intention to create a Strategic Partnership with zooplus
- EQT Private Equity announces decision to launch a voluntary public takeover offer to shareholders in zooplus, a leading European online platform for pet food and supplies, at EUR 470 per share in cash
- The offer price represents a premium of 69 percent to zooplus' last unaffected share price on 12 August 2021, and a premium of 81 percent to the three-month volume weighted average price as of 12 August 2021
- Pet BidCo and zooplus have entered into an Investment Agreement and both Management and Supervisory Board of zooplus welcome EQT Private Equity's offer
- zooplus is expected to benefit from EQT Private Equity's decade-long experience in the pet care sector, strong track record of technology and platform development, stable ownership structure, and the enhanced financial flexibility to accelerate investments into zooplus' ambition to expand its long-term leadership position in the European online pet market
- The completion of the offer will be subject to a minimum acceptance threshold of 50 percent plus one zooplus share
Pet Bidco GmbH ("Pet BidCo"), a holding company held by the EQT IX fund ("EQT Private Equity"), today announced its decision to launch a voluntary public takeover offer (the "Takeover Offer") for all outstanding shares of zooplus AG ("zooplus" or the "Company"), a leading online platform for pet food and supplies, listed on the Frankfurt Stock Exchange. The Takeover Offer will be made in connection with an investment agreement which was concluded today between Pet BidCo and zooplus (the "Investment Agreement").
The partnership is aimed at supporting the Company in expanding its position as leading online platform in the European pet market by capitalizing on EQT's vast and decade-long experience in the pet care sector, strong track record of technology development, and financial firepower. With EQT as a strong strategic and financial partner, zooplus will be enabled to materially invest into key long-term value creation levers, including a strong value proposition for customers, a best-in-class logistics and fulfilment infrastructure, new product and service innovations, and world-class talent practices. EQT Private Equity is also fully committed to supporting the broadening of the Company's platform beyond its current offering. It plans to strengthen zooplus as a customer centric company with a pet-owning community that comes to zooplus for best value for money and the best assortment of products, advice and services at its heart.
The announced offer price of EUR 470 per share in cash represents a premium of approximately 81 percent compared to the calculated three-month volume-weighted average share price of zooplus' shares prior to the announcement of an earlier offer for the Company on 13 August 2021. It also implies a premium of around 69 percent compared to the closing share price of 12 August 2021.
The Management and Supervisory Board of zooplus welcome EQT Private Equity's offer.
Headquartered in Munich, Germany, zooplus caters for more than eight million customers in 30 European markets. As zooplus looks to seize a unique opportunity in the pet market, it will benefit from EQT's longstanding experience of developing companies in the pet care sector, including IVC Evidensia, Europe's leading veterinary services provider, the Nordic omni-channel pet appliances retailer Musti Group, and Bought By Many, a UK-based pet insurance provider. Moreover, zooplus will be supported by a global network of industry advisors and EQT's inhouse digitalization teams, which have expert capabilities within e-commerce, digital business development, cybersecurity, and machine learning, among other things.
Pet BidCo does not intend to enter into a domination and/or profit and loss transfer agreement with zooplus. zooplus has agreed in principle to support Pet BidCo's intention to pursue a potential delisting of the Company sometime following the closing of the Takeover Offer. As a privately held company under a unified ownership structure, zooplus could focus much stronger on longer term objectives.
With this transaction, EQT IX is expected to be 65-70 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size, and subject to customary regulatory approvals.
EQT Private Equity is supported by Deutsche Bank as its sole financial advisor and by Milbank as legal advisor.
For further information about zooplus, please visit investors.zooplus.com.
This publication is neither an offer to purchase nor a solicitation of an offer to sell shares in zooplus AG. The Takeover Offer itself as well as its definite terms and conditions and further provisions concerning the Takeover Offer, will be published in the offer document following permission by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) to publish the offer document. Investors and holders of shares in zooplus AG are strongly advised to thoroughly read the offer document and all other relevant documents regarding the Takeover Offer when they become available, as they will contain important information.
The Takeover Offer will be published exclusively under the laws of the Federal Republic of Germany and certain applicable provisions of securities laws of the United States of America. Any agreement that is entered into as a result of accepting the Takeover Offer will be exclusively governed by the laws of the Federal Republic of Germany and is to be interpreted in accordance with such laws.
25.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|EQS News ID:||1235954|
|End of News||DGAP News Service|