Hamilton represents 1A Smart Start, LLC, a portfolio company of the US private equity firm ABRY Partners, in connection with its public tender offer regarding all shares in Dignita Systems AB, listed on AktieTorget. The consideration under the offer is SEK 11.30 in cash per share, corresponding to a premium of 41.3 per cent compared to the closing price of Dignita Systems’ shares the last day of trading before announcement of the offer. The two main shareholders of Dignita Systems, Björkbron AB and Jumeirah Limited, together representing approximately 76.2 per cent of the number of outstanding shares and votes in the company, have irrevocably and unconditionally undertaken to accept the offer. The independent bid committee of Dignita Systems has unanimously recommended the shareholders to accept the offer.
An offer document regarding the offer is expected to be made public on or about 15 May 2017. The acceptance period is expected to begin on or about 16 May and expire on or about 7 June 2017.
Kirkland & Ellis is legal advisor as to US law and Danske Bank is transaction advisor.