#INFO AG

QSC AG, Cologne, submitted a voluntary public takeover offer to all shareholders of the listed INFO Gesellschaft für Informationssysteme AG, Hamburg. Network Corporate Finance advised INFO AG in connection with the transaction and provided the management board and supervisory board with a fairness opinion.

#Key data

Industry: IT & Software
Client: INFO AG
Project type: Capital Market Transactions
Description: Fairness Opinion
Date: June 2011

Transaction 

On May 2, 2011 QSC AG, Cologne, published its decision to submit a voluntary public takeover offer to all shareholders of INFO Gesellschaft für Informationssysteme AG ("INFO"), Hamburg, in accordance with the German Securities Acquisition and Takeover Act ("WpÜG"), to acquire all outstanding shares. On June 9, 2011, QSC AG offered the shareholders an acquisition price of EUR 14.35 per share, equalling an enterprise value (incl. net debt) of EUR 82 million. Network Corporate Finance advised INFO in connection with the transaction and provided the management board and supervisory board with an assessment regarding the financial appropriateness of the offer ("fairness opinion").

 

The Company 

INFO AG is an independent provider of services for IT Outsourcing and IT Consulting in Germany. Its portfolio includes the planning, implementation and operation of challenging IT solutions for small and midsize companies, both nationally as well as internationally. INFO AG has three data centers of its own in Hamburg and Oberhausen. Furthermore, INFO AG is an SAP Systems House and a Microsoft Gold Certified Partner. In fiscal year 2010 the company recorded revenues of EUR 85 million with approx. 600 employees.

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