Karnov Group AB (OM:KAR) completed the acquisition of Wolters Kluwer France, Wolters Kluwer España, Wolters Kluwer Formación and Wolters Kluwer Portugal from Wolters Kluwer International Holding B.V., Wolters Kluwer Financial Services Luxembourg SA, and Holding Wolters Kluwer France S.A.S., for approximately €160 million.
November 29, 2022
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Karnov Group AB (publ) (OM:KAR) signed a binding offer to acquire Wolters Kluwer France, Wolters Kluwer España, Wolters Kluwer Formación and Wolters Kluwer Portugal from Wolters Kluwer International Holding B.V., Wolters Kluwer Financial Services Luxembourg SA, and Holding Wolters Kluwer France S.A.S., for approximately €120 million on December 9, 2021. In a related transaction, Karnov Group signs a binding offer to acquire Spanish legal information business from Thomson Reuters on December 9, 2021. Karnov Group AB (publ) (OM:KAR) signed an agreement to acquire Wolters Kluwer France, Wolters Kluwer España, Wolters Kluwer Formación and Wolters Kluwer Portugal from Wolters Kluwer International Holding B.V, Wolters Kluwer Financial Services Luxembourg SA and Holding Wolters Kluwer France S.A.S. for €160 million on February 25, 2022. Transaction also include transfer of certain IP rights. Consideration would be financed by a new bridge loan facility, and other debt facilities, of €160 million. French and Spanish Legal Information Businesses reported revenues of €85 million for the period end on 2021. The use of net after tax proceeds will be determined in 2022. The transaction would be subject to antitrust approval in Spain and French and European works councils and is expected during 2022. As of November 3, 2022 the antitrust approval was received by the Spanish Antitrust Authority. The transaction is expected to close on November 30, 2022. Deloitte Financial Advisory and Carnegie Investment Bank AB (publ) are financial advisers to Karnov while Bruun & Hjejle Advokatpartnerselskab and Latham & Watkins are legal advisors to Karnov.
Karnov Group AB (publ) (OM:KAR) completed the acquisition of Wolters Kluwer France, Wolters Kluwer España, Wolters Kluwer Formación and Wolters Kluwer Portugal from Wolters Kluwer International Holding B.V., Wolters Kluwer Financial Services Luxembourg SA, and Holding Wolters Kluwer France S.A.S., for approximately €160 million on November 30, 2022. Houlihan Lokey, Inc. (NYSE:HLI) acted as legal advisor to Wolters Kluwer International Holding B.V., Wolters Kluwer Financial Services Luxembourg SA, and Holding Wolters Kluwer France S.A.S.
Karnov Group AB (publ) is a Sweden-based information provider. The Company specializes in the areas of legal, tax and accounting, and environmental, health and safety. It provides a range of products and services through its portfolio of brands to public and private customers, such as different kind of firms, courts, universities, public authorities and municipalities, among others. It operates across two main segments: Online sales and Offline sales and services. The Online sales segment provides subscription-based digital solutions and support. The Offline sales and services segment publishes and sells printed books and journals and hosts legal training courses.
Karnov Group AB (OM: KAR) completed the acquisition of Wolters Kluwer France, Wolters Kluwer España, Wolters Kluwer Formación and Wolters Kluwer Portugal from Wolters Kluwer International Holding B.V., Wolters Kluwer Financial Services Luxembourg SA, and Holding Wolters Kluwer France S.A.S., for approximately €160 million.
KARNOV GROUP AB 
