Go to deals
Industrial Machinery & Components

Ebidco has completed a voluntary public tender offer for the warrants of Eles Semiconductor Equipment

December 2025 — Ebidco S.r.l. has completed a voluntary public tender offer for the warrants of Eles Semiconductor Equipment S.p.A.

Ebidco is an acquisition vehicle owned by Xenon Private Equity. It was established for the purpose of acquiring the warrants of Eles Semiconductor Equipment through a tender offer.

Eles Semiconductor Equipment specializes in the design and manufacture of performance test systems and equipment for the semiconductor industry. The company offers solutions for assessing the reliability of semiconductor integrated circuits and electronic modules. It is also involved in test system configuration and engineering activities. Given its status as a publicly listed company, the warrants of Eles Semiconductor Equipment had a widely dispersed shareholder base.

Our role in the transaction

Oaklins Italy’s parent company, Banca Akros, served as the appointed broker for the collection of warrants in Ebidco’s voluntary public tender offer for 100% of Eles Semiconductor Equipment’s warrants.

Parties

Talk to the deal team

Giulio Greco

Managing Director
Milan, Italy
Oaklins Italy

Giuliano Altieri

Director
Milan, Italy
Oaklins Italy

Marco Valsecchi

Associate
Milan, Italy
Oaklins Italy

Related deals

7BidCo has completed the sell-out procedure for the shares of STAR7
Private Equity | Other Industries

7BidCo has completed the sell-out procedure for the shares of STAR7

7BidCo S.p.A. has completed the sell-out procedure for 8.5% of STAR7 S.p.A.’s shares.

Learn more
Alba has completed a voluntary public tender offer for the shares of Borgosesia
Real Estate

Alba has completed a voluntary public tender offer for the shares of Borgosesia

Alba S.r.l. has completed a voluntary public tender offer for 100% of the shares of Borgosesia S.p.A.

Learn more
TA Associates has completed a sell-down of its stake in Eurowag
Private Equity | Business Support Services | Logistics | TMT

TA Associates has completed a sell-down of its stake in Eurowag

TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).

Learn more