Macquarie consortium offers to buy software firm Byggfakta in nearly $1 bln deal (updated)
05/01/2024 11:53
(Updates with deal details in paragraph 2 and shares in
paragraph 3)
Jan 5 (Reuters) - Byggfakta Group Nordic HoldCo AB
BGNH.ST said on Friday a consortium of firms comprising
Macquarie Capital had made an offer that valued the Swedish
software company at around 10.1 billion kronor ($982.07
million).
The consortium is offering 46 Swedish kronor in cash for
each Byggfakta share, which represents a 31% premium to the
stock's last close.
Shares of Byggfakta jumped about 30% to 45.80 kronor, taking
the stock to almost a year high.
The consortium of investors also included private equity
firms TA Associates and Stirling Square Capital Partners, which
collectively own 67.4% stake in Byggfakta.
($1 = 10.2844 Swedish crowns)
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Shilpi
Majumdar and Shinjini Ganguli)
((Rishav.Chatterjee@thomsonreuters.com;))