Hitecvision and Aker Capital Fund acquire Bjørge
HitecVision and Aker Capital Fund have announced announced its intention to make a voluntary offer for all the shares in Bjørge ASA through Bokn Invest. Bokn Invest is a company to be owned by both Aker Capital Fund and HitecVision V Fund.
Bokn Invest has decided to waive the Offer’s condition of acceptance level above 90 per cent, and to complete the Offer by acquiring all shares tendered in the Offer. By completing the Offer, Bokn Invest becomes the owner of 33,494,601 shares in Bjørge, including the shares transferred by Aker Capital Fund AS and 136,885 shares comprised by acceptances received on 9 November 2009. In total, Bokn Invest will own 76.26 percent of the shares and voting rights in the company.
The price to be paid for the shares tendered in the Offer and the shares transferred by Aker Capital Fund AS is NOK 11 per share. Settlement for the shares tendered in the offer will be made as soon as possible.
Following settlement of the Offer, Bokn Invest will make a mandatory offer for all outstanding shares in Bjørge, in accordance with chapter 6 of the Norwegian Securities Trading Act.
Read more
| Fund | HitecVision Private Equity V Argentum share 9.5% |
| Portfolio Company | Bjorge |
| Date of Transaction | 2009-11-11 |
| Transaction | Acquisition |
| Seller | Delisting from Oslo Stock Exhange |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Energy |
| Geography | Norway |
| Stage | Small/mid-cap buyout |