Carnegie Investment Bank is proud to act as financial advisor to Altor Equity Partners and Marlin Equity Partners in MW Investment’s intended voluntary offer to acquire all shares of Meltwater, valuing the company at a market cap of approx. NOK 5,800 million on a fully diluted basis.
The Board of Meltwater has unanimously resolved to recommend that shareholders accept the offer. The offeror has also received irrevocable pre-acceptance from Fountain Venture AS, a company controlled by the founder Jørn Lyseggen and representing 29% of the issued and outstanding shares. Together with Altor’s holding in the company, the offer is thereby supported by shareholders representing 41% of the issued and outstanding shares.
The offer price of NOK 18 per share represents a premium of 36% to the last traded price per 18 January 2023, and 135% to the last traded price per 14 September 2022, the day immediately preceding announcement of a strategic review.
The offer is expected to be launched at the end of Q1 2023.