Augmentum Fintech receives a £185.7 million acquisition offer

Investing.com – Augmentum Fintech announced on Wednesday that it has received a recommended cash offer from Frontier Bidco, an entity managed by Verdane Fund Manager, valuing the company at £185.7 million, or 111 pence per share.

The offer price represents a 27% premium over the previous closing price of 87.4 pence. Frontier Bidco has obtained irrevocable commitments from shareholders holding 1.98% of Augmentum Fintech shares to vote in favor of the transaction, and has also secured a non-binding letter of intent from shareholders holding 7.24% of the issued shares.

The offer price of 111 pence per share is a 28.6% discount to the estimated net asset value of 155.4 pence, which has been eroded recently due to weak Gemini stock performance.

The company’s largest assets have limited prospects for exit in the near to medium term, making an orderly liquidation a lengthy process. As the fund trades at a discount and has limited liquidity, its ability to participate in subsequent investments in early-stage portfolio holdings is restricted.

Deal documentation will be published soon, and the transaction is expected to complete in the second quarter of 2026. The relatively low proportion of shareholders with irrevocable commitments and letters of intent provides potential bidders with an opportunity to intervene.

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