Partner One Capital made a firm and binding tender offer to acquire substantially all assets from Assima PLC (ENXTPA:ALSIM) for £8 million on November 20, 2018. As per terms, the consideration represents a price per share of £1.052. Partner One Capital entered into an binding agreement to acquire Assima PLC (ENXTPA:ALSIM) for £8.3 million on January 24, 2019. In this transaction, the shareholders of Assima PLC agreed to sell all of its assets, directly and indirectly held, with the sole exception of its Luxembourg subsidiary. The sale has been agreed for £8.25 million, with £4 million to be paid to Assima Software (Luxembourg), and £4.25 million to be paid to Assima PLC, out of which £4 million will be held on an escrow account for 12 months to cover any claim under the agreement which is agreed by the parties or determined by a court. The acquisition involves guaranteed funding from the pension fund, Fonds des Travailleurs du Quebec. The offer is presented as valid until November 27, 2018 and would void afterwards. The offer will be discussed in the upcoming Extraordinary General Meeting of Assima, to be held on November 26, 2018. As per announcement made on January 25, 2019, Assima's shareholders approved the transaction on December 27, 2018, also the shareholders approved the name change of Assima PLC to Klimvest PLC. Klimvest PLC will continue to operate as a company for at least as long as the warranty period, and the assets sale will not impact the listing in Paris. Mark Chivers, Jane Hannon, Sander Wiggers, Cornelius Frie, Timo Betjemann, Teresa Zueco, Jeremy Scemama, Remei Sanchez, Ambroise Foerster, Jordan Reinert, Rakhee Singh, Edward Jones, Hansuya Reddy, Maria Gutierrez, Riccarda Marcelli and Guillaume Bain of DLA Piper acted as legal advisor to Klimvest PLC.