- Sector: Application Software
- Deal Type: Public Deals; Private Equity Deals
- Engagement type: Sellside
- Size: $401 million
Arma Partners is pleased to announce that it is acting as exclusive financial advisor to EcoOnline, an Environmental, Health & Safety SaaS company listed on Euronext Growth (OSE ticker: ECO), on its recommended cash tender offer by Apax Partners.
The cash offer of NOK 22.75 per share implies a 68.5% premium to the previous day’s closing share price for a total consideration of approximately NOK 3.77 billion ($401 million). The transaction is subject to customary regulatory approvals and other conditions.
EcoOnline is an EHS SaaS market leader dedicated to developing software for creating safer and sustainable workplaces while ensuring compliance and environmental sustainability, thereby contributing positively to its customers and to society more broadly. EcoOnline is a leader in the Nordic region, with customers also in the UK, Ireland, the US and many other countries.
The transaction underscores Arma’s continued position as the leading advisor to global SaaS businesses and highlights the firm’s expertise in public-to-private transactions across geographies and exchanges.