Onni Bidco Oy, a consortium formed by a fund managed by CapMan Growth, Ensio Investment Group Oy and Osprey Capital Oy, has on 22 July 2024 entered into a combination agreement with Innofactor Plc, pursuant to which Onni Bidco will make a voluntary recommended public cash tender offer to purchase all of the issued and outstanding shares in Innofactor that are not owned by Innofactor or any of its subsidiaries.

In the tender offer, Innofactor’s shareholders will be offered a cash consideration of EUR 1.68 for each share, valuing Innofactor’s equity at approximately EUR 60.1 million.

The Board of Directors of Innofactor Plc, represented by a quorum comprising the non-conflicted members of the Board of Directors who are not members of the consortium, has unanimously decided to recommend that the shareholders of Innofactor Plc accept the tender offer.

Advium acts as the financial advisor to Innofactor in connection with the tender offer.

Additional information: Stock exchange release