Announced
Financials
Sources
Tags
Digital Services
France
Acquisition
Pending
consulting services
Friendly
Single Bidder
software management
Public
Tender Offer
Private Equity
Cross Border
Majority
Synopsis
DBAY Advisors, an asset management firm, offered to acquire a 71.4% stake in SQLI, a firm engaged in offering Internet consulting and engineering services, for $114m. DBAY has indicated that it is convinced by its strategy and strong positioning in the digital services market in Europe. DBAY wishes to continue to support SQLI and its management by drawing on its expertise. Through this tender offer, DBAY wishes to consolidate its position as a reference shareholder in order to bring more support to the Company and its growth ambition.
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