ABG Sundal Collier acted as exclusive financial advisor to Arendals Fossekompani in relation to Edison Bidco’s offer for the outstanding shares in Volue

Today it was announced that Arendals Fossekompani (“AFK”), Advent International (“Advent”) and Generation Investment Management (“GIM”) (together Edison Bidco) have the intention to launch a voluntary tender offer at NOK 42 per share for all of the outstanding shares in Volue ASA (“Volue”).
ABGSC has advised AFK, the largest shareholder of Volue, in the process leading up to the formation of its strategic partnership with Advent and GIM, and in the process of launching a voluntary cash offer for the outstanding shares in Volue. The offer represents a 51% share price premium to the last traded price of Volue and values the company at approximately NOK 6.1 billion.
The transaction will enable Volue, a leading European provider of technology, insight and services to the European energy market, to accelerate its growth strategy by benefiting from the expertise and resources of Advent, GIM and AFK. AFK will retain a 40 per cent stake in Volue after the transaction. Including the shares tendered by AFK, the transaction has received irrevocable pre-acceptances from shareholders representing approx. 67 per cent of the issued and outstanding shares in Volue.
The offer is expected to be launched during Q3 2024 and will not be subject to any financing or due diligence conditions.