A consortium formed by Helios, Fitzroy and Tecnotree's chief executive Padma Ravichander has announced a recommended cash tender offer for the entirety of Tecnotree Oyj's (HE:TEM1V) outstanding shares and equity instruments. The group is pursuing the acquisition through a vehicle named Resilience Investment.
Under the terms disclosed, Resilience Investment has proposed an all-cash price of €5.70 per ordinary share. For capital convertible devices (CCDs), the offer has been set at €145,823.10 per instrument. Taken together, the board-calculated equity value implied by the offer is approximately €131 million.
Tecnotree's board has reviewed the proposal and issued a unanimous recommendation that shareholders accept the tender offer. The board statement endorsing the transaction was presented alongside the offer terms.
The consortium and the company expect the transaction process to conclude in the second quarter of 2026, subject to customary closing conditions. Those conditions were not itemized in the announcement; the timeline cited is an expectation rather than a firm completion date.
Tecnotree is identified in the announcement as a Finnish technology firm that focuses on digital business support systems for communication service providers. The company’s business profile was included in the consortium's disclosure of the target.
Summary and immediate mechanics:
- The purchaser group is operating via Resilience Investment and has put forward cash consideration for all equity interests in Tecnotree.
- The price per ordinary share is €5.70; the CCD price is €145,823.10 per device.
- The board of Tecnotree has unanimously recommended acceptance.
Timeline and closing conditions:
Both the consortium and Tecnotree project the tender offer process will be completed in Q2 2026. The announcement makes clear that the closing remains contingent on customary conditions associated with such transactions; no further timeline specifics or additional closing requirements were disclosed.
This transaction announcement provides shareholders with the offer terms and the board recommendation, and sets an expected timetable while leaving certain closing contingencies undefined in the public notice.