Zest Bidco Launches Takeover Offer for PSI Software SE

Zest Bidco GmbH, under the control of Warburg Pincus funds, announced a voluntary public takeover offer for PSI Software SE. This move targets all shareholders of PSI Software, aiming to acquire shares not already held by Zest Bidco at a cash offer price of EUR 45.00 per share. The offer is contingent on several conditions, including a minimum acceptance threshold of over 50% of issued shares and obtaining regulatory approvals.

A framework agreement with anchor shareholder E.ON Verwaltungs GmbH is in place to facilitate the acquisition. Furthermore, Zest Bidco has secured commitments from other significant shareholders who will sell their shares at the offer price. The deal includes an agreement for partial reinvestment by one shareholder into Zest Bidco's holding structure, representing 5.8% of PSI's share capital. No exit clauses are available for better competing offers.