Pagero’s Cash Offer for Tungsten

White & Case advised Pagero Group on the deal.

Listed software as a service (SaaS) company Pagero Group AB (publ) announced its recommended competing cash offer to acquire the entire issued and to be issued ordinary share capital of Tungsten Corporation plc.

Pagero has developed an open business network to digitalise trading between buyers and sellers. The company is listed on Nasdaq First North Growth and its largest shareholder is Nordic private equity firm Summa Equity.

Tungsten is a global electronic invoicing and purchase order transactions network provider. It is listed on AIM, the growth market of the London Stock Exchange.

Summa Equity is an investment firm focused on companies that address global challenges in the fields of resource efficiency, changing demographics and tech-enabled business.

The White & Case team which advised on the transaction was led by partners Patrik Erblad (Picture; Stockholm) and Philip Broke (London) and included partners Johan Thiman and Oscar Liljeson (both Stockholm) and associates Omar Anwar and Johanna Wagner (both London) and Alexander Berlin-Jarhamn (Stockholm).

Involved fees earner: Omar Anwar – White & Case; Alexander Berlin-Jarhamn – White & Case; Philip Broke – White & Case; Patrik Erblad – White & Case; Oscar Liljeson – White & Case; Johan Thiman – White & Case; Johanna Wagner – White & Case;

Law Firms: White & Case;

Clients: Pagero;