Stirling Square leads consortium in SEK 10.1 billion bid for Byggfakta Group

STOCKHOLM – A consortium spearheaded by Stirling Square, TA Associates, and Macquarie Capital, under the name Giant BidCo, has made a public offer to purchase all shares of Byggfakta Group Nordic HoldCo AB at SEK 46 each. The bid values the construction industry data provider at around SEK 10.1 billion ($1 = SEK 10.27).

Byggfakta, a prominent player in the construction data sector, is currently traded on Nasdaq Stockholm. The consortium has arranged the necessary funds for the acquisition through Equity Commitment Letters and Credit Facilities, with financial services provided by Goldman Sachs and funds advised by Permira.

The completion of this deal is contingent upon receiving the green light from regulatory bodies, including competition authorities throughout Europe and foreign investment review boards. Should the acquisition proceed as planned, Giant BidCo intends to maintain Byggfakta’s existing operational framework. Furthermore, there are plans to eventually remove Byggfakta’s shares from the stock market, effectively privatizing the company.

The proposed acquisition marks a significant move in the data services sector for the construction industry, with Byggfakta’s shareholders now poised to weigh in on the offer.

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