Bain bids for Ahlstrom-Munksjö




HELSINKI, September 24, 2020-

Spa Holdings 3 Oy announces a voluntary recommended public cash tender offer for all the shares in Ahlstrom-Munksjö Oyj.

Spa (BC) Lux Holdco S.à r.l. (“Bain Luxco”) (a vehicle owned and controlled by funds managed or advised by Bain Capital Private Equity (Europe), LLP, and/or its affiliates (together “Bain Capital” and such funds being the “Bain Capital Funds”)), Ahlstrom Invest B.V. (“Ahlstrom Capital”, an indirect wholly-owned subsidiary of Ahlström Capital Oy), Viknum AB (“Viknum”) and Belgrano Inversiones Oy (“Belgrano Inversiones”) form a consortium (the “Consortium”) for the purposes of the voluntary recommended public cash tender offer for all the issued and outstanding shares in Ahlstrom-Munksjö Oyj (“Ahlstrom-Munksjö” or the “Company”) that are not held by Ahlstrom-Munksjö or any of its subsidiaries (the “Shares” or, individually, a “Share”) (the “Tender Offer”) made by Spa Holdings 3 Oy (the “Offeror”), a private limited liability company incorporated and existing under the laws of Finland. The shareholders of Ahlstrom-Munksjö (other than Ahlstrom-Munksjö or any of its subsidiaries) will be offered a cash consideration of EUR 18.10 for each Share validly tendered in the Tender Offer (the “Offer Price”). The Board of Directors of Ahlstrom-Munksjö, represented by a quorum comprising the non-conflicted members of the Board of Directors, has unanimously decided to recommend that the shareholders of Ahlstrom-Munksjö accept the Tender Offer.


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