Thursday 21st April, 2022
A consortium comprising Accel-KKR, Long Path Partners and Briarwood Capital Partners announced a voluntary recommended public tender offer for all shares in Basware Corporation.
The Board of Directors of Basware has unanimously decided to recommend that the shareholders and warrantholders of Basware accept the Tender Offer. According to a press release by Accel-KKR.
Basware is a Helsinki-based global provider of Cloud-based Networked Procure-to-Pay solutions to help customers simplify operations and spend smarter by automating procurement and finance processes.
“I see this offer as clear evidence of all the good work employees of Basware have done over the past years, and the opportunities we have ahead of us. The consortium members have been following our company for years already and value all aspects of the business from the market leading SaaS products and services to the large global customer base as well as the strength of our highly skilled and motivated employees. This signals strong confidence in our people and our strategy of “Sustainable Growth and Profitability”. With the support and resources of the consortium members we will have even better opportunities to accelerate our journey and value creation for all stakeholders,” said Klaus Andersen, Chief Executive Officer of Basware.
The transaction is expected to close in the second quarter of 2022, subject to customary closing conditions.