EQT Private Equity to acquire the remaining 21% stake in SUSE for €567m.

Transaction Tags

• application delivery solutions
• Germany
• IT Services: Other
• Acquisition
• Tender Offer
• Cross Border
• Majority
• Privatisation
• Public
• Private Equity
• Pending
• Friendly
• Single Bidder

Synopsis

EQT Private Equity offered to acquire the remaining 21% stake in SUSE, an open-source software company, for €567m. “I believe in the strategic opportunity of taking the company private – it gives us the right setting to grow the business and deliver on our strategy with the new leadership team in place. EQT Private Equity’s and SUSE’s partnership in a private setting has been fruitful before and we are excited about the long-term potential of the company and our continued collaboration,” Dirk-Peter van Leeuwen, SUSE CEO.

Sources