TA Associates Acquires 94.95% of Nexus AG Shares through Takeover Offer

Project Neptune Bidco GmbH, managed by affiliates of TA Associates, announced the completion of its voluntary public takeover offer for Nexus AG, securing 94.95% of Nexus shares. The acceptance period ended on January 3, 2025, with 16,402,668 shares tendered. TA already held 26.9% through prior agreements.

The settlement of the offer awaits regulatory approvals, expected in Q1 2025. Post-settlement, TA plans to delist Nexus from the stock exchange, a move supported by Nexus' management to align with its long-term strategy.

Nexus AG, a healthcare software provider, aims to focus on expanding its market reach post-delisting. The transaction highlights TA’s strategic expansion in the technology and healthcare sectors.