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Goldman Sachs Asset Management lines up equity, debt for Kahoot buy
Chicago, July 14 – Goldman Sachs Asset Management, LP with several co-investors has assembled commitments for the equivalent of a $1.71 billion acquisition of Kahoot! ASA, according to a press release.
The financing for the aggregate equity purchase price of NOK 17.2 billion is backed by secured commitments in the form of equity and debt capital, including a subsequent compulsory acquisition procedure for any remaining shares.
The investors are offering NOK 35 per share, representing a 53.1% premium to the closing share price on May 22.
The co-investors include General Atlantic FT BV, Kirkbi Invest A/S, Glitrafjord AS and certain other investors and management shareholders.
General Atlantic is Kahoot’s largest shareholder. Kirkbi is best known as a private holding and investment company founded to build a sustainable future for the family ownership of the LEGO brand.
The offer is being made through Kangaroo BidCo AS, a newly formed Norwegian limited liability company established by Goldman Sachs Asset Management for the purpose of the offer.
Based in Oslo, Kahoot! Is a fun-learning company.
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