Inactive Instrument

Blancco Technology

BLTG

GB00B06GNN57

DATA ERASURE GROUP BLANCCO TO BE TAKEN PRIVATE IN £175M DEAL

August 03, 2023 at 01:21 am EDT

Data-erasure specialist Blancco Technology Group yesterday announced it is set to be taken private in a cash takeover. US investment firm Francisco Partners will acquire the company in a deal which values it at £175m. The firm agreed to pay 223p per share for the tech group, representing a 25 per cent premium to the stock's closing price on Tuesday. Shares in Blancco soared on the news, finishing to close up 22.91 per cent on the London Stock Exchange yesterday. Blancco said its board would unanimously recommend the takeover to shareholders, with owners of 46.6 per cent of its shares having already indicated support for the deal.

Latest news about Blancco Technology

Francisco Partners Issues Notice of Closure for Blancco Technology Buyout	Nov. 02	MT
Francisco Partners Launches Compulsory Acquisition of Remaining Blancco Technology Shares	23-10-20	MT
Blancco Technology shares to be cancelled November 17	23-10-20	AN
Francisco Partners Funds Begins Compulsory Buyout of Blancco Technology Shares	23-10-20	MT
Francisco Partners Agility II, L.P. managed by Francisco Partners Management, L.P. completed the acquisition of Blancco Technology Group plc from Inclusive Capital Partners, L.P., Soros Fund Management LLC, Ifsl Marlborough UK Micro-Cap Growth, Ifsl Marlborough SPECIAL Situations, Canaccord Genuity Asset Management Limited, Blancco Directors and others.	23-10-19	CI
Blancco Technology applies for cancellation of shares	23-10-19	AN
Francisco offer for Blancco Technology nears completion	23-10-16	AN
Francisco Partners Funds' Buyout Bid for Blancco Technology Becomes Unconditional	23-10-16	MT
UK Stocks-Factors to watch on Oct 16	23-10-16	RE
Francisco Partners Funds Lowers Acceptance Threshold for Blancco Technology Buyout	23-10-12	MT
Francisco Partners says Blancco Technology offer is final	23-10-10	AN
Francisco Partners Funds Declares Blancco Technology Offer Price Final	23-10-10	MT
Francisco Partners Funds Extends Takeover Offer Period for Blancco Technology	23-10-08	MT
FTSE 100 Closes Down 1.4% on US Credit Rating Downgrade; BAE Outperforms	23-08-02	DJ
AIM WINNERS & LOSERS: Deltex plummets on return to AIM; Blancco rises	23-08-02	AN
Blancco Technology agrees GBP175 million private equity takeover offer	23-08-02	AN
Blancco Technology Jumps 23% on GBP175 Million Buyout Bid from Francisco Partners Funds	23-08-02	MT
Francisco Partners Agility II, L.P. managed by Francisco Partners Management, L.P. agreed to acquire Blancco Technology Group plc from Inclusive Capital Partners, L.P., Soros Fund Management LLC and others for approximately £180 million.	23-08-01	CI
FTSE 100 Closes Down 0.5% On Back of Astrazeneca's Disappointing Lung-Cancer Data	23-07-03	DJ
Blancco Technology shares up as results to top market view	23-07-03	AN
Gilt Yields Rise as BOE Rate Expectations Increase	23-07-03	DJ
London Stocks Seen Opening Marginally Higher as 2nd Half Trading Gets Underway	23-07-03	DJ
Blancco Technology Group Provides Financial Guidance for the Year Ended 30 June 2023	23-07-03	CI
Transcript : Blancco Technology Group plc, H1 2023 Earnings Call, Feb 28, 2023	23-02-28
FTSE 100 Ends Tuesday Down, as Better Data and Rising Yields Act as a Drag	23-02-21	DJ

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Company Profile

Blancco Technology Group PLC is a United Kingdom-based company that is engaged in providing data erasure and mobile solutions worldwide. The Company's segments include Enterprise, Mobile and Information Technology Asset Disposition (ITAD). Its products include Blancco Drive Eraser, Blancco Drive Verifier, Blancco File Eraser, Blancco LUN Eraser, Blancco Management Portal, Blancco Management Console, Blancco Removable Media Eraser, Blancco Virtual Machine Eraser, Blancco Hardware Solutions, Blancco Solutions for Mobile Processors, Blancco Mobile Insurance, Blancco Mobile Retail and Blancco Mobile Buy-Back/Trade-In. It offers solutions for each touchpoint along the mobile lifecycle, serving original equipment manufacturers, carriers, retailers, insurance providers, refurbishers and resellers. Its certified data erasure software performs at scale, eradicating data within active networks and across IT assets, from fleets of devices to multi-location data centers or cloud storage.

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Software

Calendar

2024-09-23 - Q4 2024 Earnings Release (Projected)

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