True Wind Capital Announces Successful Completion of Tender Offer and Acquisition of 19% of SUNCORPORATION
August 19 2024 - 8:30AM
Business Wire
True Wind Capital Management, L.P. (“True Wind”), a San
Francisco-based private equity firm focused on partnering with
management teams to build leading technology businesses in growing
markets, today announced that an entity owned by the investment
funds managed by True Wind has successfully completed its tender
offer (the “Offer”) and will acquire 4,239,500 common shares of
SUNCORPORATION (Standard Market of Tokyo Stock Exchange; Securities
Code: 6736) (“SUN” or the “Company”) for a price of JPY 5,500 per
share in cash.
Adam Clammer, Managing Partner of True Wind, said, “We are
excited to partner with SUN’s leadership team and become
significant shareholders in the Company. This partnership builds
upon our history of collaboration with SUN representatives on
Cellebrite’s board of directors, and we look forward to working
with all stakeholders to maximize the corporate value of both SUN
and Cellebrite over the long-term.”
The Offer period began on June 10, 2024, JST and concluded on
August 15, 2024, JST. The settlement of the Offer will occur on
August 22, 2024, JST.
About True Wind Capital
True Wind is a San Francisco-based private equity firm focused
on partnering with management teams to build leading technology
businesses in growing vertical markets in three primary sectors:
Industrial Tech, Business Services & Compliance and Financial
Services. True Wind seeks to maximize value creation and invests
across the full range of transaction structures. Since its founding
in 2015, True Wind has completed 13 platform investments and dozens
of add-on acquisitions. Learn more about True Wind at
https://truewind.com.
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