STG Partners, LLC entered into a scheme of arrangement to acquire Gresham Technologies plc (LSE:GHT) from Kestrel Partners LLP, Herald Investment Trust PLC (LSE:HRI), managed by Herald Investment Management Ltd., Schroder Investment Management Limited, J O Hambro Capital Management Limited and others for £146.7 million on April 9, 2024. the Acquisition will be financed through a combination of equity and debt financing. The Gresham Directors, who have been so advised by Houlihan Lokey as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable.

Accordingly, the Gresham Directors intend unanimously to recommend that Gresham Shareholders vote in favor of the Scheme at the Court Meeting and in favor of the Special Resolution to be proposed at the General Meeting. The Scheme is expected to become Effective during the third quarter of the calendar year 2024. William Blair International, Ltd acted as a financial advisor, Paul Hastings (Europe) LLP acted as a legal advisor to STG Partners, LLC.

Houlihan Lokey provided the fairness opinion, and acted as a financial advisor, Taylor Wessing LLP acted as a legal advisor to Gresham Technologies plc (LSE:GHT).