2/10/2025  |  3min

SNP’s Executive Board and Supervisory Board recommend acceptance of Carlyle’s voluntary public cash takeover offer

Heidelberg, Germany, February 10, 2025 – The Executive Board and Supervisory Board of SNP Schneider-Neureither & Partner SE (“SNP” or the “company”) today published their joint reasoned statement pursuant to Section 27 of the German Securities Acquisition and Takeover Act (WpÜG). This statement relates to the voluntary public cash takeover offer (the “offer”) made by Succession German Bidco GmbH (the “bidder”), a holding company which is advised by the global investment firm Carlyle (NASDAQ: CG).

Your contact

Contact-Person-germany-Marcel-Wiskow.png

Marcel Wiskow

Director Investor Relations

announcement_speech_1920x.png
  • Offer price of € 61.00 per share is considered fair and appropriate
  • The Executive Board and Supervisory Board welcome the planned strategic partnership with Carlyle to support SNP’s long-term growth
  • In a joint statement, the Executive Board and Supervisory Board recommend acceptance of Carlyle’s offer

 

Following an independent and careful review of the offer document published by the bidder, the Executive Board and the Supervisory Board confirm their support for the partnership and advise the shareholders of SNP to accept this public takeover offer. In their statement, they welcome Carlyle’s financial and strategic intentions as set out in the offer document. The Executive Board and the Supervisory Board are moreover confident that, with the support of this new investor, SNP will further expand its market position as well as its solution portfolio for customers and partners, which will drive sustainable growth of the company and its employees.

SNP’s Executive Board and Supervisory Board consider the offer price of € 61.00 per share to be fair and appropriate. This assessment is corroborated by the fairness opinion provided by the external financial adviser M.M.Warburg & CO.

Jens Amail, SNP’s CEO, comments: “SNP already responded to a public takeover offer in July 2023. Our external adviser at that time considered that Octapharma AG’s offer price of € 33.50 per share to be appropriate. However, we clearly stated back then, that in view of SNP’s strategic transformation, it might be attractive for investors with a longer-term horizon to continue participating in the positive development of the company’s enterprise value and share price. I myself did not sell my shares at that time. Now, the situation is different: Following two very successful and transformative years, we have more than quadrupled our enterprise value and we consider € 61.00 to be a fair price for our shareholders. We now have the opportunity to enter a new chapter in our history with one of the world’s leading investment firms. Carlyle’s global platform and financial resources will help us to execute our strategy even faster and in a more sustainable way. Our customers, our partners and all our colleagues at SNP will benefit from this.”

The acceptance period for the offer within which SNP’s shareholders are able to tender their shares commenced upon publication of the offer document on January 31, 2025, and ends at midnight (Frankfurt am Main local time) on March 7, 2025. We advise SNP’s shareholders to accept the bidder’s public takeover offer via their custodian bank. The detailed offer may be found in the offer document published by the bidder at https://www.succession-offer.com.

The joint reasoned statement from the Executive Board and Supervisory Board of SNP on the bidder’s voluntary public cash takeover offer is available on SNP’s website: https://investor-relations.snpgroup.com/en

About SNP

SNP (Ticker: SHF.DE) ist mit seiner weltweit führenden Technologieplattform Kyano® ein zuverlässiger Partner für Unternehmen, die bei Transformationsvorhaben und für mehr Geschäftsagilität auf wegweisende datengestützte Funktionalitäten setzen. Kyano integriert alle technischen Möglichkeiten und Partnerfunktionalitäten für eine softwarebasierte und ganzheitliche Datenmigration und das Datenmanagement. In Kombination mit dem Bluefield®-Ansatz setzt Kyano einen weltweiten Industriestandard für die schnelle und sichere Reorganisation und Modernisierung von Unternehmensdaten unter Nutzung KI-gestützter Innovationen auf Basis von über 30 Jahren Erfahrung.

Weltweit vertrauen über 3.000 Kunden aller Branchen und Größen auf SNP, unter ihnen 20 der DAX 40 und über 100 der Fortune 500 Unternehmen. Die SNP-Gruppe beschäftigt weltweit mehr als 1.600 Mitarbeitende an 34 Standorten in 22 Ländern. Das Unternehmen mit Stammsitz in Heidelberg erzielte im Geschäftsjahr 2025 einen Umsatz von rund 297 Mio. Euro.

More information is available at www.snpgroup.com

 

Your contact

Contact-Person-germany-Marcel-Wiskow.png

Marcel Wiskow

Director Investor Relations

Related news