Project Neptune Bidco Surpasses Minimum Threshold for Nexus Takeover

Project Neptune Bidco GmbH, backed by TA Associates, has exceeded the minimum acceptance threshold required in its public takeover bid for Nexus AG. At the conclusion of the initial acceptance period, approximately 79.86% of Nexus shares were tendered, surpassing the necessary 50% plus one share. This success allows the commencement of an additional acceptance period, ending on January 3, 2025.

TA plans to delist Nexus from the stock exchange post-settlement to facilitate a private ownership structure, aiming to enhance Nexus’ market share in the international e-health sector. The Nexus Management Board is in favor, contingent on legal review. The settlement, pending regulatory approvals, is expected in the first quarter of 2025.