ABG Sundal Collier is acting as sole financial advisor to Visma in connection with the voluntary public tender offer to acquire all shares in Penneo A/S

On Friday 29 November 2024, Visma announced having entered a transaction agreement to launch a voluntary cash offer of DKK 16.5 per share for all outstanding shares of Penneo A/S, with the offer valuing Penneo A/S at a market capitalisation of approximately DKK 561m on a non-diluted basis.
The offer price of DKK 16.5 per share represents

• a premium of 109.9% to last close as of 28 November, and
• a premium of 108.1% to the last 12 months volume weighted average share price

The Board of Directors of Penneo has unanimously decided to recommend the shareholders of Penneo to accept the Offer.
Visma, a leading provider of mission-critical cloud software, sees Penneo’s offering of B2B SaaS solutions within digital signature, document handing and customer onboarding as highly complementary to the Group’s existing offering in the Nordics and broader European markets, and is confident that the partnership will contribute to the long-term growth and success of both businesses.
ABG Sundal Collier acts as sole financial adviser to Visma in connection with the voluntary public tender offer, which marks yet another Visma transaction advised by ABG Sundal Collier. We remain thankful for the repeated vote of confidence and look forward to following Penneo under Visma stewardship.