SII Simplified Public Tender Offer followed by a Squeeze-Out

Portzamparc BNP Paribas advised SII Goes On, management holding firm from SII Group (https://sii-group.com/fr-FR), on the simplified public tender offer followed by a squeeze out on SII, a French company providing engineering, technology consulting and digital services.

Portzamparc BNP Paribas acted as Joint presenting Bank and Joint Guarantor of the transaction.

👉 Details of the transaction :

• The concert filed for acquiring 43.3% of share capital representing c. 8.7m shares at a price of €70 per share representing a 32.3% premium over last closing price before the announcement
• SII market cap at offer price : €1.4Bn
• Before the Offer SII Goes On purchased 2.6m shares on the market (30% of the shares targeted by the Offer)
• During the Offer, SII Goes On purchased 4.3m additional shares on the market,
• At the end of the Offer, the concert announced holding more than 90% of the capital and voting rights
• The Squeeze-out has been implemented on March 2024.