CVC Offers to Take CompuGroup Private in $1.2 Billion Deal
- CVC has bid €22 a share for the health-care software provider
- CompuGroup’s major shareholder to retain stake after takeover
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CVC Capital Partners Plc offered to take CompuGroup Medical SE & Co. KGaA private in a deal that values the German software provider at €1.18 billion ($1.2 billion).
CVC has offered €22 a share in cash for the German technology company, which makes software serving the health-care industry, it said in a statement on Monday, confirming an earlier Bloomberg News report. CVC agreed to a strategic partnership with CompuGroup’s majority shareholder around the founding Gotthardt family, who plans to retain its roughly 50.1% interest following the takeover.