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New Deal


Announced

Completed

Bergson Holdings completed the acquisition of the remaining 14% stake in Hunter Douglas for £450m.

Financials

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Transaction Value£450m
Consideration TypeCash
Capital Owned90%
Capital Bid For14%
EV/Sales1x
EV/EBITDA11x
Share Price Premium18.8%
One Off Charge-

Tags

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Privatisation

Netherlands

Household Equipment and Products

Acquisition

Public

Single Bidder

window blinds

Majority

Domestic

Friendly

Tender Offer

Completed

Synopsis

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Bergson Holdings, a holding company owned and controlled by Mr. R. Sonnenberg, completed the acquisition of the remaining 14% stake in Hunter Douglas, a window blinds and coverings provider, for £450m. Following the offer, Bergson intends to delist Hunter Douglas and to commence statutory squeeze-out proceedings (uitkoopprocedure) in accordance with article 2:250 of the Curacao Civil Code. The outstanding preference shares in the capital of Hunter Douglas will either be redeemed or included in the squeeze-out proceedings.

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