Beskrivning
Land | Norge |
---|---|
Sektor | Informationsteknik |
Industri | Kommunikation |
2021-06-01 16:06:15
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA,
CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.
London/Oslo, 1 June 2021
Reference is made to the offer document dated 22 January 2021 (the "Offer
Document") regarding the recommended voluntary offer (the "Offer") by Dash Bidco
AS (the "Offeror") to acquire all outstanding shares of Infront ASA (the
"Company" or "Infront"), and the subsequent stock exchange notices in respect of
the Offer, including on 30 March 2021, regarding the final number of acceptances
of the Offer.
The Offeror hereby announces that it has obtained regulatory approval from the
Federal Financial Supervisory Authority of Germany as set out in section 4.3 of
the Offer Document. Provided that the other closing conditions set out in in
section 4.3 of the Offer Document remain satisfied until completion or are
waived by the Offeror, settlement of the Offer is expected to take place on 15
June 2021.
Following settlement of the Offer, the Offeror intends to initiate a mandatory
offer for the remaining outstanding shares of Infront in accordance with
applicable laws.
DNB Markets, a part of DNB Bank ASA and Ernst & Young LLP are acting as
financial advisors to the Offeror, and DNB Markets, a part of DNB Bank ASA, is
acting as receiving agent. Advokatfirmaet Thommessen AS is Norwegian legal
adviser, and Travers Smith LLP is English legal adviser, to the Offeror in
connection with the Offer.
For further information, please contact:
Sarah Gestetner
Communications and Marketing Director, Inflexion
T. +44 (0)20 7487 9820
About Inflexion
Inflexion is a mid-market private equity firm, investing in high growth,
entrepreneurial businesses with ambitious management teams and working in
partnership with them to accelerate growth. Inflexion's flexible approach allows
it to back both majority and minority investments, investing £10m to £300m of
equity in each deal. With bespoke teams and dedicated capital, Inflexion's funds
invest across all sectors from offices in London, Manchester and Amsterdam.
Inflexion helps businesses achieve the next stage of their development through
international expansion, operational improvements, digital expertise, talent
management, access to Inflexion's networks and funding for acquisitions. Funds
advised by Inflexion Private Equity Partners LLP have funds under management of
c.£5.4bn.
About Infront
Infront offers a powerful combination of global market data, news, analytics and
trading tools. With the recent acquisition of vwd Group, Infront's product
coverage also includes data and feed solutions, solutions for portfolio
management and advisory, regulatory compliance as well as publication and
distribution solutions. Our more than 3,000 customers and over 90,000
professional users benefit from the highest level of expertise in regulation,
private wealth, market data and the frictionless interaction of the diverse
solutions and products covering their complete workflow. Approximately 500
employees apply their expertise to meet the challenges of our clients, ensuring
they continuously receive the best solutions and services.