Spice Private Equity Ltd. has had a fairness opinion conducted on a public tender offer by GP Investments
September 2022 — On 14 July 2022, GP Swiss Ltd., a subsidiary of GP Investments, published a public tender offer for all publicly held registered shares of Spice Private Equity Ltd. (Spice). The independent members of the Board of Directors of Spice have had a fairness opinion conducted on the financial adequacy of this public tender offer. The offer price for each Spice share was US$16.25 net in cash. Following a successful offer, GP Investment intends to delist the stock from the SIX Swiss Stock Exchange.
Spice is a Swiss firm focused on global private equity investments. At the end of May 2022, the company had four main direct investments in the US and Brazil, as well as a portfolio of older legacy fund of funds investments.
GP Investments is an investment company domiciled in Bermuda and listed on the Luxembourg Stock Exchange. GP Investments already owned a majority of Spice’s voting rights and share capital prior to the launch of the tender offer.
Our role in the transaction
Oaklins’ team in Switzerland was mandated by the independent members of the Board of Directors of Spice to provide a fairness opinion in order to assess the financial adequacy of the public tender offer. The work included the valuation of each individual investment using the appropriate valuation methods, as well as the consideration of various case-specific circumstances.
The fairness opinion is publicly available and can be downloaded from the website of the Swiss Takeover Board.
David Emery
Chairman of the Board of Directors, Spice Private Equity Ltd.
Prata med transaktionsteamet
Relaterade affärer
Dan Group Alarm Syd has been sold to Varna Security
Dan Group Alarm Syd, a leading provider of subscription-based security solutions, has been acquired by Varna Security, a newly formed security platform backed by Triton Partners. Through the transaction, Dan Group Alarm Syd enters into a new partnership with Triton Partners, positioning the company for its next phase of growth. As part of Varna Security, Dan Group Alarm Syd will continue to operate independently, retaining its entrepreneurial culture and close customer relationships, while gaining access to capital, resources and strategic support to accelerate expansion.
Lär dig merLivlande Agro has been acquired by Merito Partners
Merito Partners has acquired a controlling stake in Gaižēni SIA, one of Latvia’s leading pig farming companies operating under the Līvlande Agro brand, from NCH Capital and other shareholders. The company’s founder and management team will remain actively involved in the business, supporting its continued growth and development.
Lär dig merCensus Group has acquired Lecklé Oy
Backed by Swedish Aspira Partners, Census Group has acquired SYS Audit Oy, Lecklé Oy, Tiliextra Oy, Tase-Koivu Oy Tilintarkastusyhteisö, HJL Audit Oy and Auditus Tilintarkastus Oy. These transactions mark the creation of new platform in the Finnish audit and advisory services market. The newly formed group is jointly owned by Aspira Partners, entrepreneurs and key employees united by a shared vision and strong commitment to serving small and medium-sized enterprises (SMEs).
Lär dig mer