Sidetrade and SHS Viveon AG agree public tender offer for SHS
Viveon AG
- A friendly public tender offer with premium on the SHS
Viveon AG shares
- Tender offer price: €3.00 per SHS Viveon AG share in
cash
- Tender offer deadline: June 17, 2024
- Post-delisting: No open market for SHS Viveon AG
shares
Sidetrade, the global
leader in AI-powered Order-to-Cash applications, today announces
its intention to acquire SHS Viveon AG, a German leader in credit
risk management software, following an agreement made with its
supervisory board. The public tender offer is scheduled for Tuesday
May 7, 2024, with plans to subsequently delist SHS Viveon AG’s
shares.
Following the execution of binding agreements
with shareholders of SHS Viveon AG to acquire shares at a price of
€3.00 each, as announced in the April 16, 2024 press release,
Sidetrade has secured 1,702,407 shares, representing 68.4% of SHS
Viveon AG’s outstanding share capital as follows:
- 43.0% of the SHS Viveon shares already acquired.
- 5.7% of the SHS Viveon shares set to be acquired in the coming
days.
- 19.7% of the SHS Viveon shares to be acquired at subsequent
dates at the latest in July 2024.
Sidetrade plans to open its public tender offer
on May 7, 2024, to acquire the remaining shares of SHS Viveon AG at
€3.00 per share in cash, representing a 53% premium over the 1-year
VWAP (Volume-weighted average price) of SHS Viveon AG (€1.96 per
share) as of April 15, 2024.
SHS Viveon AG's supervisory board signed a
business combination agreement with Sidetrade on May 1, 2024, and
supports Sidetrade’s take-over plans.
Planned
milestones for Sidetrade's acquisition of SHS Viveon
AG
May 6,
2024 Tender offer
posted in the Federal GazetteMay 7,
2024 Tender offer
opensMay 9, 2024
Delisting of SHS Viveon AG proposed to the Munich Stock
ExchangeJune 17, 2024 Tender offer
closes
The tender offer is not subject to reaching a
minimum acceptance threshold.
The tender offer documentation will be available in German and
in English on May 6, 2024 on www.sidetrade.com. Copies of the
German language binding document may be obtained by email at
uebernahmeangebot@oddo-bhf.com.
Certain SHS Viveon AG’s shareholders entered
into a binding agreement with Sidetrade to transfer 19.7% of their
shares at subsequent dates at the latest in July 2024.
Upon completing these acquisitions, Sidetrade
will become the majority shareholder and assume control of
SHS Viveon AG. Sidetrade will support the delisting of
SHS Viveon AG’s shares from the open market m:access of the Munich
stock exchange. Post delisting, SHS Viveon AG shares will not trade
anymore in Germany (either Frankfurt or Munich).
Sidetrade is assisted by King & Spalding LLP
as legal advisor on the transaction and ODDO BHF SE as financial
advisor.
About SHS Viveon AG, a German leader in
credit risk & compliance management software
applicationsFounded in 1991 and headquartered in Munich,
Germany, SHS Viveon AG offers applications designed to enable risk,
credit, and compliance management teams to automatically identify,
assess, and hedge risks in a flexible, digital process. It
simplifies access to all relevant data from any system, improves
analysis and simulation, and enables better business decisions.
In 2023, SHS Viveon AG reported revenues of €8.8
million. SHS Viveon AG’s customer portfolio currently comprises 80
businesses including Fortune 100 companies.
Sidetrade
contactsInvestor relationsChristelle
Dhrif
00 33 6 10 46 72
00
cdhrif@sidetrade.com
Media
relationsBecca
Parlby
00 44 7824 5055
84
bparlby@sidetrade.com
About
Sidetrade
(www.sidetrade.com)Sidetrade
(Euronext Growth: ALBFR.PA) provides a SaaS platform dedicated to
securing and accelerating cash flow. Sidetrade’s next-generation
AI, nicknamed Aimie, analyzes $6.1 trillion worth of B2B payment
transactions daily in the Sidetrade Cloud to predict customer
payment behavior and the attrition risk of more than 38 million
buyers worldwide. Aimie recommends the best operational strategies,
intelligently automates actions on the entire Order-to-Cash
process, and dematerializes customer transactions to enhance
productivity, performance, and working capital improvements.
Sidetrade has a global reach, with 315+ talented employees based in
Paris, London, Birmingham, Dublin, Houston, and Calgary, serving
global businesses in more than 85 countries. Amongst them: Bidcorp,
Biffa, Bunzl, Contentsquare, Engie, Expedia, Inmarsat, KPMG,
Lafarge, Manpower, Opentext, Page, Randstad, Saint-Gobain,
Securitas, Sodexo, Tech Data, UGI, Veolia. Sidetrade is a
participant of the United Nations Global Compact and adheres to its
principles-based approach to responsible business.For further
information, visit us at www.sidetrade.com and follow us on X
@Sidetrade.
In the event of any
discrepancy between the French and English versions of this press
release, only the English version is to be taken into account.
- Sidetrade and SHS Viveon AG agree public tender offer for SHS
Viveon AG
SideTrade (EU:ALBFR)
Historical Stock Chart
From Dec 2024 to Jan 2025
SideTrade (EU:ALBFR)
Historical Stock Chart
From Jan 2024 to Jan 2025
