Macquarie consortium offers to buy software firm Byggfakta in nearly $1 billion deal
Tech

Macquarie consortium offers to buy software firm Byggfakta in nearly $1 billion deal

(Reuters) - Byggfakta Group Nordic HoldCo AB said on Friday a consortium of firms comprising Macquarie Capital had made an offer that valued the Swedish software company at around 10.1 billion kronor

   

(Reuters) – Byggfakta Group Nordic HoldCo AB said on Friday a consortium of firms comprising Macquarie Capital had made an offer that valued the Swedish software company at around 10.1 billion kronor ($982.07 million).

The consortium is offering 46 Swedish kronor in cash for each Byggfakta share, which represents a 31% premium to the stock’s last close.

Shares of Byggfakta jumped about 30% to 45.80 kronor, taking the stock to almost a year high.

The consortium of investors also included private equity firms TA Associates and Stirling Square Capital Partners, which collectively own 67.4% stake in Byggfakta.

($1 = 10.2844 Swedish crowns)

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Shilpi Majumdar and Shinjini Ganguli)

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