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Apax strikes deal to buy Nordic IT services group

Dec 08, 2014 - The Deal Pipeline

Buyout firm Apax Partners LLPhas won an auction for Nordic IT services providerEvry ASA with a bid that values the shares at 4.28 billion Norwegian kroner ($596.5 million).

Evry, of Fornebu, Norway, put itself up for sale in the summer and noted that Apax's Nkr16 per share bid is 53% more than its average share price in the six months before that Aug. 27 move and 31% higher than the Aug. 26 closing price. The offer lagged behind Friday's closing price, however, sending Evry shares down N...