Germany's CompuGroup in talks about potential offer by CVC (updated)

CompuGroup Medical SE & Co KgaA

09/12/2024 24:03

(Adds details and background throughout)
       Dec 8 (Reuters) - 
    CompuGroup Medical  COP1n.DE , a German provider of
healthcare software, said on Sunday it is in advanced talks to
be acquired by CVC Capital Partners  CVC.AS  for a potential 22
euros ($23.24) per share.
        The deal is worth 1.14 billion euros based on
CompuGroup's 51.7 million shares outstanding, Reuters'
calculations showed. Its shares closed at 16 euros on Friday.
  
        CompuGroup shareholders centered around the founding
Gotthardt family would retain a stake of around 50.1% after a
strategic partnership with CVC, a private equity firm, is
established, CompuGroup said in a statement.
    CompuGroup shares would be delisted later, it added.
        Bloomberg News reported on the talks earlier on Sunday.
  
    CompuGroup shares fell to a 10-year low after the company,
whose software is used to manage patient data, cut its fiscal
2024 guidance in July. The stock has fallen more than 55% year
to date.
        CompuGroup, based in Koblenz, Germany, posted revenue of
283.4 million euros in the third quarter.
  

($1 = 0.9466 euros)

 (Reporting by Disha Mishra in Bengaluru and Urvi Dugar; Editing
by Lisa Shumaker and Richard Chang)
 ((Disha.Mishra@thomsonreuters.com))