Atos may acquire Nets Holding - MarketLine Financial Deals

Atos may acquire Nets Holding

Atos may acquire Nets Holding - MarketLine Financial Deals
Atos may acquire Nets Holding
Published Jun 20, 2013
5 pages — Published Jun 20, 2013
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Abstract:

Update on March 24, 2014:
Advent International Corporation, Arbejdsmarkedets Tillaegspension (ATP) and Bain capital, LLC (the consortium) have signed an agreement to acquire 100% of the share capital of Nets Holding A/S, a provider of payments, card and information services, from the existing shareholders, a group of 186 primarily Danish and Norwegian banks, for DKK 92.37 ($17.07) per share. The transaction is valued at DKK17,000 million ($3,142.43 million) in cash.

Advent International and Bain capital are private equity firms, while ATP is a pension services group. Advent International and Bain capital are based in the US, while Nets and ATP are based in Denmark.

In addition, the shareholders will receive the dividend for 2013 totaling DKK498 million ($92.05), or DKK2.7 (0.49) per share.

Nets employs 2,600 employees. The transaction is expected to close in the second quarter of 2014.

Update on December 17, 2013:
According to Reuters, sources reported the consortium, including Nordic Capital Limited and TryghedsGruppen smba; and EQT Partners AB and Goldman Sachs & Co. are also among the potential bidders to acquire Nets.

Currently, Danmarks Nationalbank holds 9.9% of shares in Nets, while Nordea Bank AB holds around 20%, DnB NOR ASA around 18% and Danske Bank A/S around 17%.

Rumor (June 20, 2013):
According to Reuters, sources reported that Atos S.A., a France-based information technology (IT) company, is one among the potential bidders to acquire Nets.

The transaction is reported to be valued in between EUR1,000 million and EUR2,000 million.

JPMorgan Chase & Co. is considered to be acting as financial advisor to Nets.

  
Source:
Document ID
MA145592_140404
Country
Country
Country
Country
Ticker
ATO=FR
Ticker
DANSKE=DK
Ticker
DNBNOR=NO
Ticker
NDA=SE
Format:
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MarketLine Financial Deals—MarketLine Financial Deals – Identifying and tracking major financial activity across our full scope of company and sector coverage, MarketLine Financial Deals covers mergers & acquisitions, private equity/venture capital backed buyouts, investments, and exits, IPOs and secondary and follow on offerings, and private placements and exits. Additional non-corporate financial deals including partnership agreements, joint ventures, co-development and research, licensing and co-marketing agreements are also available.

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MLA:
MarketLine Financial Deals. "Atos may acquire Nets Holding" Jun 20, 2013. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Atos-may-acquire-Nets-Holding-2052-101163>
  
APA:
MarketLine Financial Deals. (2013). Atos may acquire Nets Holding Jun 20, 2013. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Atos-may-acquire-Nets-Holding-2052-101163>
  
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