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Announced

Greenoaks and Long Path withdrew their offer to acquire Karnov for $833m.

Synopsis

Private equity firms Greenoaks Capital Partners and Long Path Partners, withdrew their offer to acquire Karnov, a supplier of information solutions, for $833m. "We have noted that the bidders have withdrawn their public offer as they could not come to an agreement with the shareholders of Karnov Group. The offer process shows that there is great interest in the company and our journey ahead. We will continue our efforts to be the first choice in legal knowledge, driven by customer centricity, innovation and outstanding content to build shareholder value," Magnus Mandersson, Karnov Chairman of the Board of Directors.

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