Sidetrade to acquire a majority stake of SHS Viveon AG, a leading German Order-to-Cash software company
16 4월 2024 - 2:54PM
Sidetrade to acquire a majority stake of SHS Viveon AG, a leading
German Order-to-Cash software company
Sidetrade, the global
leader in AI-powered Order-to-Cash applications, is to acquire a
majority stake in SHS Viveon AG, a German leader in credit risk
management software.
Sidetrade today announces that it has entered
into binding agreements with shareholders of SHS Viveon AG to
acquire more than 50% of all outstanding shares in SHS Viveon AG at
a price of €3.00 per share.
The number of shares Sidetrade has the intention
to acquire is 1,462,489 shares, representing 58.73% of the
outstanding share capital of SHS Viveon AG:
- 43.30% of the SHS Viveon shares would be acquired by Sidetrade
in the coming days; and
- 15.43% at subsequent dates in June and July 2024.
The price of €3.00 per share represents a 53%
premium over the 1-year VWAP (Volume-weighted average price) of SHS
Viveon AG (€1.96 per share) as of April 15, 2024.
Sidetrade is also currently considering
acquiring additional SHS Viveon AG shares from existing
shareholders at €3.00 per share.
In addition to the aforementioned acquisitions,
Sidetrade is considering launching a public tender offer to acquire
the remaining shares of SHS Viveon AG also at €3.00 per share.
Upon completion of these acquisitions, Sidetrade
would become the majority shareholder of SHS Viveon AG owning a
controlling stake and would take the appropriate measures to delist
SHS Viveon's shares from public trading.
Sidetrade is assisted by King & Spalding LLP
as legal advisor on the transaction and ODDO BHF SE as financial
advisor.
About SHS Viveon AG, a German leader in
credit risk & compliance management software
applicationsFounded in 1991 and headquartered in Munich,
Germany, SHS Viveon AG offers applications designed to enable risk,
credit, and compliance management teams to automatically identify,
assess, and hedge risks in a flexible, digital process. It
simplifies access to all relevant data from any system, improves
analysis and simulation, and enables better business decisions.
In 2023, SHS Viveon AG reported revenues of €8.8
million. SHS Viveon AG’s customer portfolio currently comprises 80
businesses including Fortune 100 companies.
Sidetrade
contactsInvestor relationsChristelle
Dhrif
00 33 6 10 46 72
00
cdhrif@sidetrade.com
Media
relationsBecca
Parlby
00 44 7824 5055
84
bparlby@sidetrade.com
About
Sidetrade
(www.sidetrade.com)Sidetrade
(Euronext Growth: ALBFR.PA) provides a SaaS platform dedicated to
securing and accelerating cash flow. Sidetrade’s next-generation
AI, nicknamed Aimie, analyzes $6.1 trillion worth of B2B payment
transactions daily in the Sidetrade Cloud to predict customer
payment behavior and the attrition risk of more than 38 million
buyers worldwide. Aimie recommends the best operational strategies,
intelligently automates actions on the entire Order-to-Cash
process, and dematerializes customer transactions to enhance
productivity, performance, and working capital
improvements.Sidetrade has a global reach, with 315+ talented
employees based in Paris, London, Birmingham, Dublin, Houston, and
Calgary, serving global businesses in more than 85 countries.
Amongst them: Bidcorp, Biffa, Bunzl, Contentsquare, Engie, Expedia,
Inmarsat, KPMG, Lafarge, Manpower, Opentext, Page, Randstad,
Saint-Gobain, Securitas, Sodexo, Tech Data, UGI, Veolia. Sidetrade
is a participant of the United Nations Global Compact and adheres
to its principles-based approach to responsible business.For
further information, visit us at www.sidetrade.com and follow us on
X @Sidetrade.
In the event of any
discrepancy between the French and English versions of this press
release, only the English version is to be taken into account.
- Sidetrade to acquire a majority stake of SHS Viveon AG, a
leading German Order-to-Cash software company
SideTrade (EU:ALBFR)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
SideTrade (EU:ALBFR)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024