EY Corporate Finance advises Avidly on their accepted public tender offer from Adelis Equity

22 Sep 2022
By Staffan Ekström

EY Nordics Tech, Media, Telecom Transactions Leader

Partner in Corporate Finance, focusing on Tech, Media, Telecom. Extensive experience of TMT transactions, both sell-side and buy-side. Yoga and gaming enthusiast.

22 Sep 2022

On September 7th it was announced that more than 95% of Avidly shareholders have accepted Adelis’ public cash tender offer

Avidly is a leading Nordic-based marketing technology (MarTech) services provider, listed on Nasdaq First North Helsinki and awarded HubSpot ‘Global Partner of the Year’ for three consecutive years. The public cash tender offer from Adelis Equity was received on the 12th of July, with the share offer price of EUR 5.5 representing a premium of c.50% compared to the closing price the trading day before.

With a track record of successful acquisitions and the ambition to become a European MarTech champion, Adelis will play an important role in accelerating Avidly’s growth agenda going forward. With a strong track record within technology services, Adelis will assist Avidly in continuing to grow the business organically, deepening the expertise within MarTech, as well as inorganically through add-on acquisitions.  

EY Corporate Finance was acting as financial advisors to Avidly.

For more information, please see the official press releases by Avidly and Adelis Equity.

Summary

EY Corporate Finance was acting as financial advisors to Avidly on their public tender offer from Adelis.

About this article

By Staffan Ekström

EY Nordics Tech, Media, Telecom Transactions Leader

Partner in Corporate Finance, focusing on Tech, Media, Telecom. Extensive experience of TMT transactions, both sell-side and buy-side. Yoga and gaming enthusiast.