Apax, a private equity firm, will buy 27% of German online marketing services firm D+S Europe for 42.5 million Euros ($67.8 million).
The company also said it has offered to buy the entire firm for 13 Euros per share ($20.75).
This offer is entirely equity financed, will not have a minimum acceptance threshold, and does not foresee an implementation of a domination or profit and loss transfer agreement, according to Apax.
“We are happy that we have found in Apax a partner and long-term oriented investor that supports and secures our future growth strategy,
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