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EQT and First Kraft Offer for Fortnox Valued at $5.5 Billion
Image Credits: The image is sourced from https://www.morningstar.com
2 years ago

EQT and First Kraft Offer for Fortnox Valued at $5.5 Billion

Global

News Summary

Sweden’s Fortnox has received a joint cash offer from its largest owner, First Kraft, and private equity group EQT, valuing the accounting software firm at approximately 55 billion Swedish crowns ($5.5 billion). The consortium’s offer represents a 38% premium to the prior closing price, underscoring the strategic interest in Fortnox’s market position and growth potential.

Story Coverage

Brand Logowww.ft.com

EQT teams up with Fortnox chair in bid valuing Swedish software group at $5.5bn

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Brand Logowww.marketscreener.com

EQT and First Kraft make offer for Fortnox | MarketScreener

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Brand Logomoney.usnews.com

EQT, First Kraft Make Offer for Fortnox, Valuing It at $5.5 Billion

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Brand Logowww.morningstar.com

EQT Consortium Makes Bid for Fortnox, Valuing it at $5.5 Billion

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