The boards of directors of Aptean Limited (the “Aptean Bidco”) and Sanderson Group plc are pleased to announce they have reached agreement on the terms of a recommended offer pursuant to which Aptean Bidco will acquire the entire issued and to be issued ordinary share capital of Sanderson (the “Acquisition”).
Aptean Bidco is an English incorporated company formed within the group of (and under common control with) Aptean Inc. (“Aptean”) and ultimately controlled by funds managed and advised by TA Associates and Vista Equity Partners.
Under the terms of the Acquisition, each Sanderson shareholder will be entitled to receive in respect of each Sanderson Share 140 pence in cash, a value of £90.1 million for Sanderson’s issued and to be issued share capital.
Singer Capital Markets is acting as Financial Adviser, Nominated Adviser and Broker to Sanderson Group plc.
About Sanderson Group plc
Sanderson Group plc is a well-established, profitable, software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors. Operating primarily in the UK and Ireland, the Group provides its customers with enterprise systems designed to help them grow and run their businesses efficiently and profitably.
Market Cap: £77.10 million*
Website: Click here
*As at 01/08/2019
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