A consortium consisting of NPM Capital and Teslin has declared its all-cash public offer for all of the issued and outstanding ordinary shares in ICT Group N.V., a leading industrial-technology solutions provider, unconditional. In the context of a consolidating industry, ICT Group aims to accelerate its growth strategy and has concluded this could best be achieved in a private environment. The consortium comprises of experienced and reputable investors with ample sector knowledge, expertise and financial backing who are committed to supporting and accelerating ICT Group’s strategy of driving organic growth and growth through acquisitions. After completion, NPM Capital will hold a majority of the shares in ICT Group.
Nielen Schuman acted as Debt Advisor to the consortium.
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