April 16, 2014 - Assignment

Meltwater announces offer for Cision AB (publ)

On 3 April 2014, Meltwater announced a cash offer to the shareholders of Cision AB (publ) with a total offer value for all shares in Cision of approximately SEK 895 million. The competing bidder, controlled by the US financial sponsor GTCR, thereafter increased its original bid to a total offer value of approximately SEK 909 million. On 16 April 2014, Meltwater increased its cash offer to a total offer value of approximately SEK 939 million. Meltwater’s offer is financed by a combination of equity and debt from Altor Fund III.

Cision is listed on NASDAQ OMX Stockholm and is a leading provider of cloud-based PR software, services and tools for the marketing and public relations industry. Marketing and PR professionals use Cision’s products to help manage all aspects of their brands - from identifying key media and influencers to connecting with audiences; monitoring traditional and social media; and analyzing outcomes. Journalists, bloggers, and other influencers use Cision’s tools to research story ideas, track trends, and maintain their public profiles.

Meltwater Group is a leading software as a service (SaaS) social media management and news monitoring company which helps businesses drive growth and build brands. Meltwater’s online intelligence platform analyses billions of digital documents daily to extract precise, timely business insights that help more than 20,000 companies understand their markets, engage their customers, and master the new social business environment.

Further information is available at: www.meltwaterbid.com

Altor Fund III was advised by Mannheimer Swartling in the transaction. The firm’s team included Åke Kjellson, Patrik Marcelius, Henrik Johansson, Lukas Dalén, Henrik Dock and Jonas Lagerroos.