Advent International acquires 4.88 mln shares of Integer, 3.98 mln shares of InPost

Equity fund Advent International, along with Integer CEO Rafał Brzoska, bought 4.88 million shares of Integer, and 3.98 million InPost shares of its subsidiary InPost in the tender offer. Both were bidding for 5.43 million Integer shares, representing 70.01 percent of the company’s stock and 11.56 million (100 percent) shares of InPost. As a result of the tender, Advent and Brzoska will control 92.88 percent shares of Integer and 92.44 percent of InPost. Back in February, Advent International private equity fund announced that it wants to buy all of the free float shares of Integer, representing a 70 percent stake in the company and delist it, but only if the tender goes through. If not, the company warned that it might even face bankruptcy. Integer.pl through its subsidiary inPost is a parcel locker operator and is the second biggest postal operator in Poland.