ABGSC acted as financial adviser to Zalaris in connection with Norvestor’s recommended voluntary cash offer and subsequent mandatory offer

On 13 March 2026, Kona BidCo AS (the “Offeror”), an acquisition vehicle indirectly owned by Norvestor IX SCSp, announced a recommended voluntary cash offer to acquire all outstanding shares in Zalaris ASA (“Zalaris” or the “Company”) at NOK 100 per share. The voluntary offer was launched on 15 April 2026 and was followed by a mandatory offer at the same price, which was completed with settlement on 27 July 2026.

Zalaris is a leading Nordic provider of outsourced payroll and human capital management solutions, combining cloud-based technology with managed services for large and mid-sized enterprises across the Nordics, DACH, the UK and other international markets. The transaction has been supported by the board of directors of Zalaris, which has unanimously recommended that shareholders accept the offer since the voluntary offer was first announced.

Following completion, the Offeror intends to apply for a delisting of the Company’s shares from Euronext Oslo Børs, with an extraordinary general meeting scheduled for 11 August 2026 to consider the delisting.

ABG Sundal Collier’s relationship with Zalaris dates back to the Company’s IPO on Oslo Børs in 2014 and we are proud to once again have been trusted to advise the Company through this landmark transaction marking its transition to private ownership.