Comarch IT parties now hold 100 pct of company's shares following compulsory buyout

The shareholder requesting the buyout and acquiring the shares was Chamonix Investments Poland, controlled by CVC Capital Partners Fund IX.

Following the completion of the transaction, the parties to the agreement hold a total of 8,133,349 Comarch shares, representing 100 percent of the share capital and entitling them to exercise 15,126,949 votes (100 percent of the total number of votes).

At the end of October, the Filipiak family, together with CVC Capital Partners Fund IX and Anna Prokop, bought shares in Comarch in a tender offer, representing 98 percent of the capital and 98.9 percent of the votes.

After the tender offer, the shareholders' agreement held 7,973,346 shares in the company.

As stated, the parties to the agreement reaching 100 percent of the company's shares will allow the company to realise the delisting of its shares from the regulated market and enable its further development as a private company.

The next step will be the submission of an application to Poland's financial watchdog KNF to withdraw the company from trading on the Warsaw Stock Exchange (delisting).

Comarch is a global software producer, operating in over 100 countries, on five continents. It operates in key industries: telecommunications, finance, banking and insurance, trade and services, IT infrastructure, public administration, industry, healthcare, as well as in the small and medium-sized enterprise sector.

CVC Capital Partners is a global private equity firm, listed on the Amsterdam Stock Exchange, with a network of 30 offices in Europe, the Middle East, Africa, Asia and the United States, managing approximately EUR 193 billion in assets.

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