Inactive Instrument

K3 CAPI

Equities

K3C

GB00BF1HPD20

Investment Management & Fund Operators

Sun European Partners completes GBP270 million purchase of K3 Capital

February 14, 2023 at 08:58 am EST

(Alliance News) - K3 Capital Group PLC on Tuesday said that its acquisition by Shin Bidco Ltd via a scheme of arrangement has now become effective, following the delivery of a copy of the scheme court order.

K3 Capital is a Bolton, England-based professional advisory services firm, focused on mergers & acquisitions, tax and restructuring.

In December, K3 Capital confirmed it received a takeover offer of 350 pence per share in cash from Shin Bidco, valuing K3 at GBP271.7 million. Shin Bidco is controlled by affiliates of Sun European Partners LLP.

The scheme is now effective, and accordingly, Bidco is the owner of all scheme shares.

As per the arrangement, the K3 shares were suspended from trading on AIM with effect from Tuesday. An application has been made to the London Stock Exchange for the cancellation of the admission to trading of K3 Shares on AIM, which is expected to take effect on Wednesday.

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	LONDON STOCK EXCHANGE PLC	8,934 GBX	+0.49%	-0.56%	59.47B
	FTSE 100	8,140 PTS	+0.75%	+3.09%	-

Latest news about K3 CAPI

Sun European Partners completes GBP270 million purchase of K3 Capital	23-02-14	AN
K3 Capital's Takeover By Shin Bidco Becomes Effective	23-02-14	MT
Sun Capital Partners Group VIII, LLC completed the acquisition of K3 Capital Group PLC from management and others.	23-02-13	CI
Sun Capital Partners Group VIII, LLC completed the acquisition of K3 Capital Group PLC from management and others.	23-02-13	CI
Sun Capital Partners Group VIII, LLC completed the acquisition of K3 Capital Group PLC from management and others.	23-02-13	CI
K3 Capital says High Court sanctions buy from Sun European	23-02-10	AN
K3 Capital Group Takeover Plan Secures High Court Approval	23-02-10	MT
Chrysalis invests in Starling; Agronomics notes deal	23-02-07	AN
K3 Capital Group Takeover Secures Financial Conduct Authority Condition Approval	23-01-10	MT
K3 Capital Agrees GBP272 Million Takeover By Sun European Affiliates	22-12-15	MT
Sun Capital Partners to buy K3 Capital	22-12-15	RE
FTSE 100 Closes Down 0.4% Amid Signs of UK Economic Contraction	22-12-12	DJ
TRADING UPDATES: SigmaRoc eyes annual revenue to be ahead of guidance	22-12-12	AN
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FTSE 100 Poised to Fall After Downbeat Asia Trading	22-12-12	DJ
K3 Capital Group plc Provides Revenue Guidance for the Six-Month Period Ended 30 November 2022	22-12-12	CI
News Highlights : Top Financial Services News of the Day	22-12-12	DJ
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TRADING UPDATES: Mears exceeds expectations; K3 confirms speculation	22-12-08	AN
Sun Capital Partners in advanced talks to buy K3 Capital in $314 mln deal	22-12-08	RE
Sun Capital Partners in Advanced Talks to Buy K3 Capital	22-12-08	CI

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Company Profile

K3 Capital Group plc is a United Kingdom-based professional services company. The Company's segments include M&A Advisory, Restructuring Advisory and Tax Advisory. M&A Advisory division constitutes the original Group companies and is involved in providing corporate finance services to customers. M&A Division includes company sales and business brokerage, corporate finance services, transaction services, off-market acquisitions and debt advisory. The Restructuring Advisory division is involved in providing funding and corporate recovery services to customers. The Restructuring Division includes restructuring advisory, financial advisory, creditor services, pensions advisory and forensic accounting. Tax Advisory division is involved in providing technical taxation advice, including research and development tax claims and support with HMRC investigations, to customers. Tax Advisory division includes research and development tax credit advisory, tax investigations and tax planning.

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