Ratos completes acquisition of HL Display
Ratos has acquired over 90 percent of the capital and votes in HL Display.
Ratos' offer to the shareholders of HL Display has been accepted by shareholders representing 9.8 percent of the capital and 4.8 percent of the votes in the company. Together with shares acquired outside the offer, Ratos now owns 98.7 percent of the capital and 99.4 percent of the votes in HL Display.
Ratos announced on the 2nd of June 2010 an offer to the shareholders of HL Display to acquire all outstanding shares for a cash consideration of SEK 49 per share. On the 20th of July 2010 the approval from relevant competition authorities was received and it was announced that the offer would be completed.
Since Ratos holds over 90 percent of the company, Ratos intends to call for a compulsory acquisition of the remaining shares in HL Display and act to de-list the company from NASDAQ OMX Stockholm.
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| Fund | Ratos |
| Portfolio Company | HL Display |
| Date of Transaction | 2010-08-16 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Industrial |
| Geography | Sweden |
| Stage | Small/mid-cap buyout |