Hannes Snellman Counsel to EQT in the Acquisition of the Majority of the Shares in DGC One and the Mandatory Takeover Offer for the Remaining Shares (Transaction Value SEK 2.3 billion)
7 June 2017
EQT has today announced that they have acquired shares corresponding to 85.2 percent of the total number of shares and votes in DGC One AB (publ) (“DGC One”), and thereby passing the mandatory bid threshold. EQT has acquired the shares at a price of SEK 250 per share, valuing DGC One to approximately SEK 2.3 billion. EQT has today also launched a mandatory takeover offer for the remaining shares in DGC.
EQT is a leading group of private equity funds with operations in Northern Europe, Eastern Europe, US and China. EQT manages funds active within buy-outs, growth financing and infrastructure. EQT has a unique industrial approach and a strong record of successful investments. EQT was founded in 1994 by Investor AB, Scandinavia’s largest industrial holding group and part of the Wallenberg group, and has since the foundation raised approximately EUR 29 billion from over 300 global institutional and professional investors.
DGC is a network operator that develops and sells telephony services and solutions for data communication and operations in its own nation-wide network to customers which operates on a number of places in Sweden. DGC started its business in 1991 and the DGC share is admitted to trading on Nasdaq Stockholm.
Hannes Snellman is acting as legal counsel to EQT with a core team consisting of Sören Lindström, Anna Green Jensen, Patrik Erblad, Sanna Böris and Jonas Brandt (M&A), Paula Röttorp and Carolina Wahlby (Finance) and Peter Forsberg (Competition).