A consortium comprising Macquarie Capital, Stirling Square Capital Partners, and TA Associates has made a public cash offer to acquire all the shares in Byggfakta. 

Headquartered in Ljusdal, Sweden, Byggfakta is a software and IT provider in the construction industry. It is listed on the Nasdaq Stockholm stock exchange.

The offer, made through Giant BidCo on 5 January 2024, is set at Skr46 ($4.49) per share, representing a substantial premium over previous trading prices. 

It has been recommended to Byggfakta’s shareholders by an independent bid committee, comprising its board of directors, to accept this offer.  

This recommendation has also been supported by a fairness opinion from Deloitte. 

Currently, the consortium holds a significant stake in Byggfakta, with a total of 145.34 million shares, equating to approximately 67.4% of the construction company’s total shares and voting rights.  

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Byggfakta former CEO and current board member Stefan Lindqvist, who controls 1.2% of the company, has committed to accepting the offer. 

The proposed acquisition price represents a 53% premium over the volume-weighted average trading price of Skr30.0 for Byggfakta’s shares listed on Nasdaq Stockholm for the 30 trading days up to 4 January 2024.  

The consortium has also indicated the possibility of waiving some conditions to help finalise the offer. 

Stirling Square partner and Giant BidCo spokesperson Henrik Lif said: “As long-term shareholders in Byggfakta, Stirling Square and TA have a strong belief in the company’s future prospects and are dedicated to establishing Byggfakta as a leading provider of information services and software to the global construction sector.”