CGI’s public tender offer for all shares in Affecto

Affecto Plc

Posted on

12 Dec

2017

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Fast facts

Status:

Closed on 6 October 2017,
the FCCA cleared the transaction in September 2017

Cross-border:

Yes

Deal value:

Approximately EUR 100 million

Dittmar & Indrenius > References > CGI’s public tender offer for all shares in Affecto

We advised technology company Affecto Plc on CGI Group. Inc.’s voluntary recommended approx. EUR 100 million public tender offer for all shares in Affecto Plc.

CGI Nordic Investments Limited, a wholly owned indirect subsidiary of CGI Group, Inc., and Affecto Plc entered into a Combination Agreement in August 2017 under which CGI undertook to make a voluntary public cash tender offer for all shares in Affecto. The price offered for each share was EUR 4.55 representing an aggregate purchase price of approximately EUR 100 million. The transaction was completed in October 2017.

We advised the board of Affecto, inter alia, on securities market implications of the transaction, negotiations of the combination agreement and the tender offer document. We also advised Affecto on matters in relation to the merger control filing and the filing under the Finnish Act on Monitoring of Foreign Corporate Acquisitions in connection with the transaction.

The transaction was one of the few public tender offers on the Finnish market in in 2017.

 

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Dittmar & Indrenius