Exclusive Networks has received a binding offer from Clayton Dubilier & Rice (CD&R) to form a consortium to acquire a controlling stake in Exclusive Networks at a price of 18.96 euros per share. This is stated in the company's message.
Thus, it was proposed to form a consortium consisting of CD&R, the majority shareholder of Everest UK HoldCo Limited (an organization controlled by Permira), with the support of the founder of Exclusive Networks Olivier Breitmayer, who will remain a shareholder.
The acquisition is being offered through a special company jointly controlled by CD&R and Everest UK HoldCo Limited.
After the acquisition of the package, the consortium will submit a simplified mandatory tender offer for the remaining shares of Exclusive Networks at the same price, followed by a buyout.
The acquisition will be subject to the usual regulatory approvals, including antitrust permits, foreign investment and foreign subsidies.
In the context of the proposed transaction, Exclusive Networks will refinance its existing debt and offer its shareholders to pay an additional 5.29 euros per share after receiving regulatory approval and immediately before closing the transaction and submitting a mandatory tender offer. The total amount will be 24.25 euros per share.
The company's Board of Directors unanimously welcomed the proposed transaction and approved the refinancing of the company.
Exclusive Networks is a provider of computer services and solutions specializing in cybersecurity and cloud systems.
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