Kelvin UK Bidco, a new company indirectly owned by Apax Partners funds, is to pay £203m for a London-listed Kin & Carta.
The digital-transformation consultancy company said Wednesday that accepting shareholders will get 110 pence in cash for each share held. The price is a 41% premium to Tuesday’s closing price of 78.0 pence.
“We believe the offer to acquire Kin and Carta by Apax Funds represents an excellent opportunity for the company to accelerate ambitious growth plans and scale the business, building on the acquisition and integration of leading data and technology companies, the development of valuable technology partnerships, and the creation of a strong portfolio of enterprise clients,” chair John Kerr said.
https://www.penews.com/articles/apax-backed-bidco-buys-london-based-consultancy-20231019
