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By Billy Gray
PSI Software agreed to be acquired by private-equity group Warburg Pincus in a deal valued at over 700 million euros ($813.4 million).
The companies signed a deal under which the U.S.-based Warburg Pincus will launch a voluntary public takeover offer for all outstanding shares of the German software-solutions group at 45 euros a share in cash, the companies said Monday. PSI currently has 15.7 million outstanding shares, according to its website.
As part of the agreement, Warburg Pincus signed share-purchase agreements and irrevocable undertakings with PSI shareholders that own about 28.5% of the company's total share capital, the companies said. One anchor shareholder will reinvest parts of its proceeds alongside Warburg Pincus into the holding structure, they added.
German utility E.ON, the second largest PSI shareholder and a customer of the software company, will retain its 17.77% stake, PSI said. It will also act jointly with Warburg Pincus on the deal.
PSI said Warburg Pincus will support its current growth strategy, maintain the existing management team and protect employee roles. The group said its headquarters will remain in Berlin, and that neither party would enter into a domination or profit and loss transfer deal for two years after closing the offer, which is expected in the first half of 2026.
Write to Billy Gray at william.gray@wsj.com
(END) Dow Jones Newswires
October 13, 2025 02:20 ET (06:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.