Insight Venture Management, LLC made an offer to acquire SignUp Software AB (publ) (OM:SIGNUP) from Standout Capital, SignForm International BV and others for approximately SEK230 million on April 16, 2023. The Offer is not subject to any financing condition. The Offer is fully financed and will be funded by a mix of equity provided by funds affiliated with Insight and a loan from a syndicate of lenders led by Wells Fargo Bank, National Association, which will be guaranteed by the Insight Funds. The Board of Directors of SignUp has appointed an independent bid committee consisting of the three remaining Board members, Cecilia Lager, Christian Cederholm and Ari Liukko. The independent bid committee of SignUp has assessed the Offer and informed Insight that it unanimously recommends that the shareholders of SignUp accept the Offer. The completion of the Offer is conditional upon, inter alia, receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions, including from competition authorities. The acceptance period for the Offer is in such case expected to commence on April 19, 2023 and run until May 10, 2023. Settlement is expected to take place on or around May 16, 2023. The Bidder and Insight have retained Mannheimer Swartling Advokatbyrå as legal advisor, as to Swedish law, and Willkie Farr & Gallagher LLP as legal advisor in connection to the Offer. The Company has obtained a fairness opinion from Lenner & Partners, according to which, based on the assumptions and reservations stated in the opinion, the Offer is fair to the SignUp shareholders from a financial perspective. Cirio Advokatbyrå Ab acted as legal advisor to SignUp Software AB (publ). Lazard AB acted as financial advisor to SignUp Software.

Insight Venture Management, LLC completed the acquisition of SignUp Software AB (publ) (OM:SIGNUP) from Standout Capital, SignForm International BV and others on May 24, 2023.