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Norvestor launches recommended cash bid for Zalaris at hefty premium

Story Highlights
  • Norvestor-backed Kona BidCo launches a cash tender offer for Zalaris at NOK 100 per share, reflecting a sizable premium and supported by fairness opinions.
  • Key executives and major shareholders, including the full board, have pre-committed around 31% of Zalaris shares, bolstering the bid’s prospects and signalling strong support.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Norvestor launches recommended cash bid for Zalaris at hefty premium

Meet Samuel – Your Personal Investing Prophet

Zalaris ASA ( (DE:81Y) ) just unveiled an announcement.

Norwegian HR and payroll services specialist Zalaris ASA has received a unanimously recommended voluntary cash tender offer from Kona BidCo AS, an acquisition vehicle indirectly owned by private equity fund Norvestor IX. The offer values Zalaris at NOK 100 per share, representing premiums of 40.1% to the last closing price and 31.9% to the 30-day volume-weighted average, and has been deemed financially fair by both ABG Sundal Collier and Pareto Securities.

The offer period runs from 16 to 30 April 2026, with Arctic Securities as receiving agent, and already has commitments covering about 30.9% of the outstanding shares through rollover agreements with key executives and pre-acceptances from major shareholders, including the full board. If successful, the transaction would shift Zalaris into private equity ownership while maintaining management’s involvement, potentially supporting further growth and strategic development, and offering shareholders an immediate cash exit at a substantial premium.

More about Zalaris ASA

Zalaris ASA is a Norwegian provider of outsourcing and cloud-based services for payroll and human capital management, primarily serving large and mid-sized enterprises. The company focuses on delivering HR and payroll solutions across the Nordics and broader European markets, operating through long-term contracts in a competitive technology-enabled services industry.

Average Trading Volume: 66,449

Current Market Cap: NOK2.15B

See more insights into 81Y stock on TipRanks’ Stock Analysis page.

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