Bredin Prat advises General Atlantic in connection with the proposed cash public tender offer for Esker’s shares to be launched by Bridgepoint, in association with General Atlantic and the management shareholders

Bredin Prat is advising General Atlantic, a US growth equity investor, in connection with the proposed cash public tender offer for the shares of Esker, a company specialised in the automation of Source-to-Pay and Order-to-Cash management cycles, which is to be filed by Boréal BidCo SAS, an entity controlled by Bridgepoint, in association with General Atlantic and the management shareholders, at a price of €262 per share.

The public tender offer values the entire share capital of Esker at approximately €1,621 million on a fully-diluted basis.

The offer is expected to be opened in Q4 of 2024, if the prior conditions for filing are met, and to close by end-2024 or in Q1 of 2025, subject to obtaining the required regulatory approvals.

The Bredin Prat team advising General Atlantic comprised:

• Corporate: Olivier Assant and Kate Romain (partners), Karine Angel (counsel) and Constantin Mathews
• Tax: Jean- Baptiste Frantz (partner), Kevin Guillou