Beringer Finance advises on NOK 643M deal (USD 79M) for Det Stavangerske Dampskibsselskab AS (DSD)February 3, 2017
Beringer Finance has acted as sole manager in a mandatory offer for the remaining outstanding shares in Tide ASA for a consideration of NOK 28.50/share – corresponding to a full equity value of NOK 643 million.
Beringer Finance advised Det Stavangerske Dampskibsselskab AS (DSD). After receiving 95% acceptance in the mandatory offer, DSD will de-list Tide ASA as stated in the offer document.
About Tide ASA
Tide ASA (Tide) is the second largest bus company in Norway with annual revenue of 2.5 NOKbn. They operate public tenders in Norway and Denmark and coach and express buses. Tide transports 240 000 passengers daily and their current contract portfolio includes 72 million travelers. Tide is listed at Oslo Børs.
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Beringer Finance has more than 100 years of experience as a trusted advisor within Corporate Finance and Capital Markets. We offer in-depth industry and transaction knowledge, focusing on creating long-term value for our clients in all phases of their growth and transition. Over the past 20 years Beringer Finance has completed more than 300 projects with an aggregate transaction value of more than USD 22 billion, ranging from larger cross-border transactions to smaller domestic deals. In June 2016 Beringer Finance and Fondsfinans joined forces and today has more than 80 professionals working in offices in Oslo, Stockholm, Reykjavik, Palo Alto and New York (Fondsfinans Inc).