#PIRONET

CANCOM SE, Munich, submitted a voluntary public takeover offer to the shareholders of publicly listed PIRONET NDH AG, Cologne. Network Corporate Finance advised PIRONET NDH AG in connection with the transaction and provided management board and supervisory board with a fairness opinion.

#Key data

Industry: IT & Software
Client: PIRONET
Project type: Capital Market Transactions
Description: Fairness Opinion
Date: November 2013

Transaction 

On October 10, 2013 CANCOM SE, Munich, published the decision to submit a voluntary public takeover offer to the shareholders of PIRONET NDH AG, Cologne, in accordance with the German Securities Acquisition and Takeover Act. On November 18, 2013, CANCOM SE offered the shareholders a price of EUR 4.50 per share, equalling an enterprise value (incl. cash) of EUR 48 million. Network Corporate Finance advised PIRONET NDH in connection with the transaction and provided management board and supervisory board with an assessment regarding the financial appropriateness of the offer ("fairness opinion").

 

The Company 

PIRONET NDH AG is one of the leading ICT-outsourcing providers to German SMEs offering comprehensive services in the business area of cloud computing and content management. In 2012 the PIRONET NDH Group recorded revenues of EUR 43 million with approx. 280 employees.

For additional information on Pironet NDH AG:
www.pironet-ndh.com

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