A consortium of investment firms including Macquarie Capital, TA Associates and Stirling Square Capital Partners, looking to secure a SEK10.1bn (£780m) take-private deal for Swedish construction industry software firm Byggfakta Group Nordic HoldCo AB (Byggfakta).
According to a statement issued by Byggfakta, the consortium is offering SEK46 Swedish kronor (£3.5) in cash for each Byggfakta share. Stirling Square and TA already own 67.4% of the shares and votes in the software group.
The offer represents a premium of 31% compared to the closing price of Byggfakta’s shares in Stockholm on Thursday, the last day of trading prior to the announcement of the offer.
The company’s independent Bid Committee has unanimously decided to recommend that shareholders accept the Offer, according to the statement.
