Chamonix Investments, along with Aspa, Elżbieta Filipiak, Anna Pruska, Michał Pruski, Maria Filipiak, Janusz Jeremiasz Filipiak and Anna Prokop intend to announce a young supply to subscribe for the sale of 5,266,072 Comarch shares at a value of PLN 315.4 per share, knowledgeable Trigon Dom Maklerski because the middleman entity. Comarch said that the purpose of the transaction is for the tenderers to attain 100% of the overall variety of votes as a way to withdraw the corporate’s shares from buying and selling on the regulated market and allow its additional improvement as a personal firm. The entity buying the shares is Aspa managed by CVC Capital Companions Fund IX.
Comarch introduced in a separate announcement that it had concluded a transaction settlement with Aspa (the investor) in reference to the investor’s intention to amass all the firm’s present bizarre shares beneath a young supply to subscribe for the sale of all the firm’s present bizarre shares introduced by the investor in settlement with sure shareholders.
“The investor is an entity managed by CVC Capital Companions, one of many main world personal fairness funds available on the market. […] The transaction settlement regulates key points associated to the corporate’s operations within the interval till the top of the tender supply, that are to permit the investor to finish the tender supply and the transaction primarily based on the investor’s present evaluation of the corporate’s operations and its capital group within the regular course of enterprise. The transaction settlement additionally regulates sure actions of its events in relation to extraordinary occasions or circumstances regarding the firm, which, in the event that they occurred, may undermine the financial justification for the transaction,” the discharge reads.
Within the press launch, we learn that the Filipiak household, along with CVC Capital Companions Fund IX and Anna Prokop, announce their intention to announce a young supply for all shares of Comarch not held by the tenderers, i.e. for five,266,072 bizarre bearer shares representing 34.81% of the overall variety of votes. The purpose of the transaction is for the tenderers to attain 100% of the overall variety of votes in Comarch SA as a way to withdraw the corporate’s shares from buying and selling on the regulated market and allow its additional improvement as a personal firm.
“After making a sequence of needed choices, from closing unprofitable initiatives by promoting unproductive belongings to optimizing employment, as a way to guarantee a major aggressive benefit on worldwide markets, the Filipiak household determined to cooperate with CVC Capital Companions. Selecting the path of intensive worldwide improvement and standardization of merchandise will contain important monetary outlays, on the expense of delivering short-term outcomes anticipated by inventory market buyers. Therefore the choice to withdraw the corporate from the Warsaw Inventory Alternate on the traditionally highest share value,” stated CEO Anna Pruska, quoted within the materials.
“When constructing Comarch with my husband, we all the time believed that daring and brave choices relating to its future ought to be made. My husband dreamed of the Comarch model being identified not solely in Poland, but additionally overseas. We managed to attain quite a bit on this respect. We’re satisfied that the CVC Capital Companions Fund is the fitting accomplice able to assist the additional worldwide improvement of the corporate,” added Elżbieta Filipiak, chairwoman of the supervisory board.
In flip, CVC Capital Companions accomplice Krzysztof Krawczyk identified that Comarch is without doubt one of the most recognizable manufacturers in Poland, which, because of the imaginative and prescient and dedication of its founders, is synonymous with the best high quality of the crew and the options it develops. The corporate is going through the problem of more and more sturdy competitors within the business and the necessity to enter the trail of improvement outdoors Poland. CVC is able to make investments important capital within the transformation of the corporate and assist its worldwide growth by our know-how and world community, he declared.
The discover of intent to announce a young supply constitutes the primary stage of a deliberate long-term co-investment, because of which entities managed by CVC Capital Companions Fund IX will in the end change into the bulk shareholders.
CVC Capital Companions is a number one world personal fairness agency listed on the Amsterdam Inventory Alternate, with a community of 29 places of work in Europe, Asia and the US, and belongings beneath administration of roughly EUR 193 billion.
Comarch makes a speciality of designing, implementing and integrating superior IT programs, programming instruments, community instruments and infrastructures. The corporate has been listed on the Warsaw Inventory Alternate since 1999; the corporate is a part of the mWIG40 index. In 2023, it had PLN 1.82 billion in consolidated revenues.
Supply: ISBnews
