Acando has successfully been sold to CGI
Evli acted as financial advisor to the Board of Directors of Acando AB (publ) with respect to CGI Nordic Holdings Limited’s public tender offer for Acando and provided the Board with a fairness opinion. CGI Nordic is a wholly owned indirect subsidiary of CGI Inc. CGI’s offer values 100% of the shares in Acando at around SEK 4,320 million. The acceptance period is expected to commence around 18 March 2019 and end around 15 April 2019. Acando is a consulting company within IT and management. The Group has approximately 2,100 employees allocated over five countries. Acando had sales of more than SEK 2.8 billion in 2018 and is listed on Nasdaq Stockholm.
Evli Corporate Finance AB
Evli has been providing corporate finance services since 1997. Today Evli has around 20 professionals at our Helsinki and Stockholm office, supported by a network of more than 20 senior advisors with previous top management experience from a range of industries. We advise our clients on mergers and acquisitions, disposals, leveraged buy-outs, joint ventures and various capital market transactions including public and private fund raisings. We are generalists in terms of industries that we work with, but have a dedicated healthcare team and have significant experience from transactions in the following sectors: mining, raw materials, consumer goods & retail, TMT, building / building products, and real estate. Our clients are typically companies, private and public, and their owners as well as institutional investors and private equity companies active or interested in the Nordic countries. Since 2007 we have advised on more than 150 transactions with a combined value of over € 10 billion.