>>> Caperio receives recommended SEK 34 per share cash offer from Advania

Caperio receives recommended SEK 34 per share cash offer from Advania
27 APR 2017
Caperio [CAPE:SS] a Swedish IT infrastructure solutions provider, has received an offer from Nordic IT company Advania Holding, according to a company press release.
Advania, a company indirectly owned by Advania Invest AB, together with its fully consolidated subsidiaries, announced a recommended cash offer to the shareholders of Caperio Holding AB (publ) (“Caperio”) (the “Offer”). Caperio’s shares are admitted to trading on Nasdaq First North.
  • Advania offers SEK 34.00 (EUR 3.5) in cash per share in Caperio (the “Offer Price”), except with regard to shares owned by certain main shareholders who have accepted to tender their shares at SEK 31.50 (EUR 3.3) in cash per share in Caperio (the “Main Shareholders Price”). The total offer value for all outstanding shares in Caperio amounts to SEK 158m (EUR 16.4m).
  • The Offer Price represents a premium of:
    • 2.4% to the closing price of SEK 33.2 (EUR 3.46) of the Caperio shares on Nasdaq First North on 26 April 2017, the last trading day before the announcement of the Offer;
    • 24.4% to the volume-weighted average share price of the Caperio shares on Nasdaq First North during the last 90 trading days prior to 27 April 2017; and
    • 36.9% to the volume-weighted average share price of the Caperio shares on Nasdaq First North during the last 180 trading days prior to 27 April 2017.
  • The independent board members of Caperio unanimously recommend Caperio’s shareholders to accept the Offer. The recommendation is supported by a fairness opinion provided by Deloitte AB (“Deloitte”).
  • Christer Haglund (including his wholly owned company), David Pohanka and Mikael Zetterberg (including his wholly owned company) (the “Main Shareholders”), representing in aggregate approximately 43% of the shares and votes in Caperio, have irrevocably undertaken to accept the Offer at the Main Shareholders Price.
  • The acceptance period is expected to commence around 5 May 2017 and end around 29 May 2017. Settlement is expected to begin around 2 June 2017.
Advisors
Advania has retained Beringer Finance as financial adviser and Vinge as legal adviser.