Comment from Internationella Engelska Skolan’s independent bid committee in relation to the changed conditions in the public offer for all common shares in IES
On the 25th of September 2020, Peutinger AB (the “Bidder”), owned by a consortium led by Paradigm Capital Value Fund SICAV, as well as Paradigm Capital Value LP, The Hans and Barbara Bergström Foundation, AB Tuna Holding, certain investors which are advised by Paradigm Capital AG (investment advisor to Paradigm Capital SICAV) and certain investors who have previously not been shareholders of IES, announced a mandatory public offer, in which the Bidder offers SEK 77.04 in cash for each share of Internationella Engelska Skolan i Sverige Holdings II AB (publ) (”IES”) (the ”Offer”). Today,