SoftwareONE has been informed that KKR sold 8,213,023 shares and the heirs of Patrick Winter sold 408,200 shares and that these shares had been placed in the market as announced on 7 September 2021. Following the settlement of the transaction, which is expected to occur on 10 September 2021, KKR will no longer hold any shares in SoftwareONE and the heirs of Patrick Winter will hold 2.49%, respectively.
Daniel von Stockar, Chairman of SoftwareONE, stated: “On behalf of the Board of Directors, I would like to thank KKR for their longstanding strategic partnership and the valuable contributions over the years to the successful development of SoftwareONE. We are very pleased that Jean-Pierre Saad will continue to work with us as member of the BoD.”
As representatives of KKR, Jean-Pierre Saad, Partner and Head of TMT in Europe and Philipp Schaelli, Principal TMT Europe said: “We have been delighted to work alongside exceptional founders and management at SoftwareONE and to support the business in becoming a true European technology services leader, with an exceptional track record recognized by the public markets.”
As a result of the transaction, the free float of SoftwareONE (excluding shares under lock-up) is expected to increase to around 66%. With approximately 29%, the founding shareholders Daniel von Stockar, Beat Curti and René Gilli will jointly retain the largest stake in SoftwareONE.