Accel-KKR, Long Path and Briarwood Announce Successful Completion of Public Tender Offer for Basware
A consortium comprising Accel-KKR, Long Path Partners and Briarwood Capital Partners announced the successful completion of the voluntary public tender offer for all the shares in Basware. According to the final results of the tender offer, the shares tendered into the tender offer represent approximately 96.2 percent of all the shares and voting rights carried by the shares in Basware.
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On behalf of the consortium members, Dean Jacobson, Managing Director of Accel-KKR, states, “This moment marks a milestone for Basware and the consortium members. The highly successful tender offer enables us to embark on a journey together to advance the field of e-invoicing, Accounts Payable (AP) and procurement automation for valued customers around the world. As Basware’s long-term partners, we are committed to bringing our insights and capital in support of Basware’s mission to help customers simplify operations and spend smarter. Together with the Basware team, we will work over the coming months to finish the privatization process and map out the future growth trajectory for the company – one that is built on the strength of Basware’s brand, history and market-leading capabilities to innovate quickly and continually deliver value to our customers. On behalf of the consortium, I want to give a warm welcome to all Basware customers and employees who are now part of our extended family.”
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Klaus Andersen, Chief Executive Officer of Basware, adds, “The consortium members have been following Basware for years and they value all aspects of our business — from the market-leading SaaS products and services to our large global customer base as well as the strength of our highly skilled and motivated employees. The next phase of our company’s journey is a fantastic opportunity to strengthen our market position and build new capabilities. We will be able to focus our attention and resources on the things that add value to our customers, such as product innovation and superior customer experience. This moment is nothing short of transformative for our company, and I for one could not be more excited about the future of Basware.”
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