- Esker, Bridgepoint and General Atlantic announce the delisting of Esker, effective as of 3 March 2025, following the large success of the friendly public tender offer announced in September 2024.
- Esker and its management thank their shareholders for their trust and support throughout the company’s time as a listed entity.
- Esker, along with its management and employees, embarks on a new chapter in the company's history through a strategic partnership with Bridgepoint and General Atlantic. This partnership aims to accelerate Esker’s development and strengthen its position in a rapidly expanding market.
Esker, Bridgepoint and General Atlantic announce the squeeze-out of Esker, effective as of 3 March 2025, following the large success of the friendly public tender offer initiated by Boréal Bidco SAS (the “Offeror”) for the Esker shares, announced in September 2024 (the “Offer”).
Esker and its management thank their shareholders for the trust and constant support shown throughout its successful journey on the stock market. Now private, Esker, alongside its management and employees, is ready to embark on a new chapter of its history. The strategic partnership with Bridgepoint and General Atlantic aims to accelerate Esker’s development and strengthen its position in a rapidly expanding market.
The Offer, announced on 19 September 2024 and cleared by the Autorité des marchés financiers (the “AMF”) on 22 November 2024, was opened from 2 December 2024 to 9 January 2025 and allowed the Offeror to hold c. 75% of Esker’s capital and voting rights on 24 January 2025, settlement-delivery date. At the end of the reopened Offer, which took place from 17 to 30 January 2025, the Offeror held, in concert with Boréal Topco, Mr. Jean-Michel Bérard, Mr. Emmanuel Olivier and Mr. Jean-Jacques Bérard, more than 90% of Esker’s capital and voting rights.
Driven by this success, the Offeror requested the implementation of the squeeze-out procedure for Esker shares, in accordance with what had been indicated in the offer document relating to the Offer and with applicable law.
Jean-Michel Bérard, President and Founder of Esker, stated: “We thank our shareholders for their trust. This transaction marks a major milestone for Esker. Together with Bridgepoint and General Atlantic, we will build the future of Esker.”
Emmanuel Olivier, Chief Operating Officer of Esker, stated: “This is a key milestone in Esker’s history. With the support of our new shareholders, we are eager to build it with the ambition of always better serving our clients.”
David Nicault, Partner and Head of Technology at Bridgepoint, stated: “Esker has high-quality products and services with great potential. We are fully committed to supporting Esker, its executives, and its employees in a new stage of their development by providing our expertise and financial resources to make it a global leader.”
Vincent-Gaël Baudet, Partner and Head of Bridgepoint Europe in France, stated: “As a result of the complete success of this operation, leveraging the expertise of the Esker and Bridgepoint teams, we will be able to support the acceleration of Esker’s development in a private company context.”
Gabriel Caillaux, Co-President and Head of General Atlantic’s business in EMEA, stated: “Esker occupies a unique position in the market, with a highly applicable software solution and the opportunity to extend its global footprint. We are pleased to reach this milestone and look forward to partnering with Esker to strengthen its leading product offering and achieve further growth in the years ahead.”
Information and documentation relating to the Offer are available free of charge on the websites of Esker (www.esker.fr), Bridgepoint (www.bridgepoint.eu/shareholders/Sep-2024-microsite) and the AMF (www.amf-france.org).