2023-08-31 18:57:12
The largest shareholder, EQT, has submitted an offer to acquire SUSE in its entirety, as announced by the company through its official blog. The chameleon company would become private (for the Stock Exchange, not for public administrations or governments) and would cease to be listed on the Frankfurt Stock Exchange if the operation is completed. Another result would be the merger of SUSE with an unlisted Luxembourg company operating as a public limited company.
EQT can be said to own SUSE because it currently owns 79 percent of the company’s shares and is by far the majority shareholder with more than 50 percent. EQT “does not intend to seek a forced sale,” which is one reason for the attempt to get 100 percent and exit from the stock market. Consequently, shareholders who want to continue investing in SUSE can do so privately. “.
According to SUSE, its boards of directors and supervisors “support the strategic opportunity to delist the company, as it will allow SUSE to fully focus on its operational priorities and the implementation of its long-term strategy. Another thing they have mentioned is that EQT Private Equity has “underlined its commitment to supporting the company strategically and financially and to working closely with the SUSE CEO and his management team. “.
The strategic opportunity offered by privatization has been highlighted, according to SUSE CEO Dirk-Peter van Leeuwen. “It provides us with the right environment to grow the business and deliver on our strategy with the new leadership team,” he said. Private partnerships between EQT Private Equity and SUSE have previously produced positive results and we are excited about the company’s long-term prospects and our continued cooperation. “.
SUSE was first acquired by Novell in 2003, to briefly summarize its journey into the 21st century. Following The Attachmate Group’s acquisition of Novell in 2010, SUSE was able to conduct business independently (but not independently). In 2014, Attachmate and Micro Focus International merged, making the latter the parent organization of SUSE. Most of the Chameleon Corporation was acquired outright by Swedish private equity firm EQT in 2019, restoring its de facto independence.
For the current year, Dirk-Peter van Leeuwen, a former Red Hat employee who is now the CEO of SUSE, recently took the helm. On the other hand, he has introduced Liberty Linux, a clone of Red Hat Enterprise Linux (RHEL), and has joined OpenELA, an organization that supports the creation of RHEL-compatible distributions.
Focusing on the chameleon corporation’s in-house research and development, the Adaptive Linux Platform (ALP) is intended to be its long-term technology foundation and unwavering commitment to containers through an immutable and automated operating system, but at this point it is too early to tell. no firm announcement as it is still in the early stages of development.
Since EQT’s offering is focused on strengthening existing ties, it should support the strategy that SUSE has recently adopted. On the other hand, it would have more freedom to operate independently if it became a private company.
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