Aabø-Evensen & Co is acting as legal advisor to OSE-listed Link Mobility Group ASA in connection with US PE fund ABRY Partners’ bid to acquire all shares in LINK

Aabø-Evensen & Co is acting as legal advisor to OSE-listed LINK Mobility Group ASA in connection with the recommended voluntary cash offer to acquire all shares in LINK Mobility Group ASA by Victory Partners VIII Norway AS

On 2 July Victory Partners VIII Norway AS (the “Offeror”), a company which will be indirectly owned by funds managed by ABRY Partners II, LLC and LINK Mobility Group ASA (“LINK Mobility”) announced that they had entered into a transaction agreement, whereby the Offeror on certain conditions will launch a recommended voluntary cash offer to acquire the entire issued share capital of LINK Mobility for NOK 225.0 per share (the “Offer”). This values the total issued and outstanding share capital of LINK Mobility at approximately NOK 3,396 million. The Board of Directors of LINK Mobility unanimously recommends that Link Mobility’s shareholders accept the Offer. Shares tendered in the Offer will be settled in cash.

The Offer will be made together with certain members of LINK Mobility’s management through an indirect joint ownership in the Offeror. The management investors comprise Jens Rugseth, Rune Syversen, Søren Sundahl and Arild Hustad (or companies controlled by these). Subject to completion of the Offer, the management investors will own shares indirectly in the Offeror that represent approximately 14.7% of the shares in LINK Mobility. Shareholders representing a total of approximately 54.0% of the issued share capital of LINK Mobility has pre-accepted or committed to sell their shares to the Offeror as part of the Offer.

"Abry is impressed by the market position LINK Mobility has created through a combination of organic growth and acquisitions, creating a leading player in the European market. Abry believes its broad experience and strong track record investing in similar businesses will help drive continued growth for LINK Mobility, supported by continued development of the company’s geographical footprint and execution of accretive M&A opportunities", says Rob Nicewicz of Abry Partners.

About Abry Partners

Abry is one of the most experienced media, communications, business and information services focused private equity investment firms. Since Abry’s founding in 1989, the firm has completed over $77.7 billion of leveraged transactions and other private equity or preferred equity placements, representing investments in over 550 properties.

About LINK Mobility

LINK Mobility is one of Europe’s leading mobile communication providers, specializing in mobile messaging services, mobile solutions and mobile intelligence. The Group offers a wide range of services and solutions across different industries and sectors, making communication easier. LINK Mobility has, due to growing demand for digital communication, platforms and users, developed a range of solutions that meets the needs of customers. The Company’s headquarters are in Oslo, Norway with additional offices in Sweden, Denmark, Finland, Latvia, Estonia, Bulgaria, Germany, Spain, Poland, France, Switzerland, Austria and Italy. The Company has more than 340 employees across Europe. In 2017 the Company had a total turnover of NOK 1.75 billion on a pro forma basis.

Aabø-Evensen & Co Advokatfirma AS has acted as legal advisor to LINK Mobility since 2016, and has during this period advised LINK Mobility in connection with 17 pan-European acquisitions as part of its European expansion, raising of NOK 120 million in equity and EUR 80 million in bonds in the Norwegian and international capital markets, transfer of its listing from Oslo Axess to Oslo Børs, and is now acting as their legal advisor in connection with the Offer and the reinvestment of certain of its management shareholders.

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