Latest news with #Datagroup
Yahoo
4 days ago
- Business
- Yahoo
KKR raises conditional offer for German IT services firm Datagroup
(Reuters) -Frankfurt-listed IT services provider Datagroup SE said on Sunday that KKR has made a conditional proposal to increase the potential acquisition offer to up to 58 euros ($65.84) per share. KKR initially offered 54 euros per share in an all-cash transaction valuing Datagroup at approximately 450 million euros. Under the revised terms, the offer price will rise to 56.50 euros a share if the bidder secures at least 80% of outstanding shares and if it reaches 90%, the offer will stand at 58 euros per share. If neither of these thresholds is met, the original offer price will remain unchanged, the statement said, adding that the acceptance period runs until June 6, 2025. KKR also explicitly ruled out a further increase of the offer price. Datagroup will delist from the stock exchange once the purchase is settled, with closing expected in the third quarter of 2025. The IT services provider has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March. ($1 = 0.8813 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Business
- Reuters
KKR raises conditional offer for German IT services firm Datagroup
June 1 (Reuters) - Frankfurt-listed IT services provider Datagroup SE ( opens new tab said on Sunday that KKR (KKR.N), opens new tab has made a conditional proposal to increase the potential acquisition offer to up to 58 euros ($65.84) per share. KKR initially offered 54 euros per share in an all-cash transaction valuing Datagroup at approximately 450 million euros. Under the revised terms, the offer price will rise to 56.50 euros a share if the bidder secures at least 80% of outstanding shares and if it reaches 90%, the offer will stand at 58 euros per share. If neither of these thresholds is met, the original offer price will remain unchanged, the statement said, adding that the acceptance period runs until June 6, 2025. KKR also explicitly ruled out a further increase of the offer price. Datagroup will delist from the stock exchange once the purchase is settled, with closing expected in the third quarter of 2025. The IT services provider has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March. ($1 = 0.8813 euros)
Yahoo
15-04-2025
- Business
- Yahoo
KKR nears acquisition of German IT services firm Datagroup, sources say
(Reuters) - Private equity firm KKR is close to acquiring Frankfurt-listed IT services provider Datagroup, people familiar with the matter told Reuters on Tuesday. U.S.-based KKR is in advanced discussions to make an offer for Datagroup and an announcement could be made as early as this week, the sources said, requesting anonymity because the matter is confidential. Bloomberg News which first reported the deal said deliberations are ongoing and the deal could still be delayed or even fall apart. Datagroup has a market value of about 340.2 million euros ($383.47 million), according to data from LSEG. KKR declined to comment, while Datagroup did not immediately reply to a Reuters request for comment. Datagroup has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March. ($1 = 0.8872 euros) Sign in to access your portfolio
Reuters
15-04-2025
- Business
- Reuters
KKR nears acquisition of German IT services firm Datagroup, sources say
April 15 (Reuters) - Private equity firm KKR (KKR.N), opens new tab is close to acquiring Frankfurt-listed IT services provider Datagroup ( opens new tab, people familiar with the matter told Reuters on Tuesday. U.S.-based KKR is in advanced discussions to make an offer for Datagroup and an announcement could be made as early as this week, the sources said, requesting anonymity because the matter is confidential. Bloomberg News which first reported the deal said deliberations are ongoing and the deal could still be delayed or even fall apart. Datagroup has a market value of about 340.2 million euros ($383.47 million), according to data from LSEG. KKR declined to comment, while Datagroup did not immediately reply to a Reuters request for comment. Datagroup has about 3,700 employees at locations across Germany and expects revenue to grow to between 545 million euros and 565 million euros in the current year, the company said in March. ($1 = 0.8872 euros)
Bloomberg
15-04-2025
- Business
- Bloomberg
KKR Close to Acquiring German IT Services Firm Datagroup
KKR & Co. is close to acquiring German IT services firm Datagroup SE, according to people familiar with the matter, potentially marking another deal for the private equity firm during market turbulence. The private equity firm is in advanced discussions to make an offer for Frankfurt-listed Datagroup and an announcement could come as early as this week, the people said, declining to be identified because the information is private. Max Hans-Hermann Schaber, the firm's founder and chairman for the supervisory board with a nearly 54% stake, may retain a holding following a transaction, the people said.
