Apax Partners LLP agreed to acquire EcoOnline Holding AS (OB:ECO) from Nitro Newco AS, GLQ Holdings (UK) Ltd, Stonebridge 2020 Offshore Holdings II, L.P., Stonebridge 2020, L.P. managed by Bridge Street Opportunity Advisors, L.L.C. and others for NOK 3.8 billion on June 2, 2022. A cash consideration of NOK 22.75 will be offered per Share. EcoOnline will compensate the Offeror for its external advisor costs up to a maximum amount of NOK 35 million. The Board of EcoOnline has unanimously recommended the Offer. Completion of the Offer will be subject to fulfilment or waiver by the Bidder of customary completion conditions, including but not limited to shareholders representing more than 90% of the Shares having accepted the Offer, relevant regulatory approvals being obtained and no material adverse change having occurred. It is expected that the Offer will be completed in the second half of 2022. As on August 18, 2022, Settlement of offer is expected to take place on or around September 9, 2022. Arma Partners LLP is acting as exclusive financial advisor and Wikborg Rein Advokatfirma AS is acting as legal advisor to EcoOnline. William Blair International Limited acted as financial advisor to Apax Partners LLP. Advokatfirma Wiersholm AS and Jacob Traff, Stuart Boyd, and Alan Walker of Kirkland & Ellis International LLP acted as legal advisors to Apax Partners LLP.

Apax Partners LLP completed the acquisition of EcoOnline Holding AS (OB:ECO) from Nitro Newco AS, GLQ Holdings (UK) Ltd, Stonebridge 2020 Offshore Holdings II, L.P., Stonebridge 2020, L.P. managed by Bridge Street Opportunity Advisors, L.L.C. on September 8, 2022.