Altor Fund VI (No. 1) AB, Altor Fund VI (No. 2) AB managed by Altor Fund Manager AB made an offer to acquire Permascand Top Holding AB (OM:PSCAND) from the group of shareholders for SEK 1 billion.

Altor Fund VI (No. 1) AB, Altor Fund VI (No. 2) AB managed by Altor Fund Manager AB made an offer to acquire Permascand Top Holding AB (publ) (OM:PSCAND) from the group of shareholders for SEK 1 billion on December 19, 2023.

The consideration payable in respect of the Offer is financed in full by funds available to Altor PC by way of an equity commitment letter issued by Altor Fund VI. Altor PC will thus have sufficient funds to fully pay the consideration in the Offer. The Offeror through irrevocable undertakings by shareholders to accept the Offer, secured acceptance from shareholders representing in total 40,301,367 shares, corresponding to approximately 68 percent of the shares and votes in Permascand.

The Board of Directors of Permascand unanimously recommends the shareholders in Permascand to accept the Offer, based on, inter alia, a fairness opinion from Grant Thornton Sweden AB according to which the Offer is fair to Permascand?s shareholders from a financial point of view. In the event that the Offeror becomes the owner of more than 90 percent of the shares in Permascand, the Offeror intends to initiate a compulsory redemption procedure to acquire all remaining shares in Permascand.