(Boursier.com) — Following the announcement of the proposed acquisition of Cast by Financière Da Vinci, a simplified joint-stock company created for this purpose and controlled by the professional private equity fund BDC IV FPCI managed by his company management Bridgepoint SAS (Bridgepoint), Cast and Bridgepoint announce the completion, on July 21, of the off-market acquisition by Financière Da Vinci of a total of 12,223,821 shares Cast representing approximately 66.94% of the capital of its share capital.
The operation carried out at a price of 7.55 euros per share, which could be increased by a possible additional price, is carried out by way of transfers and contributions in kind to the main shareholders of Cast (DevFactory, Crédit Mutuel Equity SCR, Long Path Holdings 2, and Vincent Delaroche) as well as certain shareholder managers.
Financière Da Vinci will file, by the end of the 3rd quarter of 2022, a draft mandatory simplified public tender offer with a view to acquiring the balance of the shares of Cast, then will carry out the squeeze-out of Cast in the event that the conditions required for its implementation would be met at the end of the offer.
This offer will be made at the same price of 7.55 euros per share increased by a possible additional price of 0.30 euro per share in the event that the Squeeze-Out is implemented.
The firm Finexsi, represented by Christophe Lambert, is appointed as independent expert.
Cast’s Board of Directors will issue a reasoned opinion on the offer after the filing by Financière Da Vinci of the draft offer and the issuance of its report by the independent expert.
As a result of the acquisition of the block, the composition of Cast’s Board of Directors has been modified to take into account the new configuration of its shareholding. The latter is now composed of 7 members, namely: Bridgepoint SAS , represented by Ms. Valérie Cayla, Olivier Nemsguern, Thomas Moussallieh, Ms. Marine Mezzadri, Paul Camille Bentz, Ms. Marie David and Vincent Delaroche.
Following the contemplated transaction, Vincent Delaroche will continue to manage the activities of the CAST group as dedicated Chairman of Financière Da Vinci and Chairman and Chief Executive Officer of Cast.