Merger Links

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

Announced

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

Press Release

SUSE

Press Release

EQT

Transaction Value

£484m

Consideration Type

Cash

Capital Owned

79%

Capital bid for

21%

EV/Sales

+ Add

EV/EBITDA

+ Add

Share Price Premium

67%

Service Providers (1)Dealmakers
Kekst Cnc

pr advisors

Kekst Cnc

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