Exclusive Networks Receives Binding Offer for Majority Stake Acquisition

Exclusive Networks, a global cybersecurity specialist, has announced receiving a binding offer from Clayton Dubilier & Rice (CD&R). The consortium, including the company's majority shareholder Everest UK HoldCo Limited and supported by founder Olivier Breittmayer, intends to acquire a majority shareholding at EUR 18.96 per share with an exceptional distribution of EUR 5.29 per share, totaling EUR 24.25 per share.

Post-acquisition, a simplified mandatory tender offer at the same price will be filed for remaining shares, potentially followed by a squeeze-out. Regulatory approvals are required. Exclusive Networks plans to refinance existing debt and propose the distribution to shareholders at an upcoming meeting. The Board, backed by positive opinions from Finexsi and the works council, has approved this transaction. An ad hoc committee and independent expert will further guide the decision-making process.