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Ginger Digital BidCo acquires 76.13% | TheGreekDeal.com
EPSILON NET GROUP
Ginger Digital BidCo acquires 76.13%
Ginger Digital BidCo has acquired 76.13% of Epsilon Net, according to a recent announcement.
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Yiannis Michos, CEO Epsilon Net

On May 16, 2024, the company Ginger Digital BidCo acquired 27.635 common nominal shares of Epsilon Net, corresponding to 0.05% of the voting rights of the company, for a price of €12,00 per share through stock exchange transactions, which will be settled on May 20, 2024.

The person who proposed the deal and the people who acted together (as defined in Article 2(e) of Law 3461/2006) now own 76.13% of the company until May 16, 2024. This is based on the stock market transactions and purchases mentioned above.

Epsilon Net announced that an agreement was signed on April 25, 2024, between General Atlantic Ginger BV, Ioannis Michos, the National Bank of Greece, and Ginger Digital BidCo Monopoly SA (Bidco), pursuant to which the parties have decided to act jointly to acquire, through Bidco, all the shares and voting rights of Epsilon Net not already held by them by way of a mandatory public offer.

General Atlantic Coöperatief UA has complete control over Bidco, which is a wholly owned subsidiary of GA. A number of private equity funds and organizations with headquarters in Luxembourg, Bermuda, and the United States control the latter.

 

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