Overview
- Persistent publicly announced the voluntary offer on June 27 through a newly formed unit, Galaxy Germany Holding, and has a binding agreement to buy the largest shareholder Lantano’s full 21% stake.
- The all-cash price of €81 a share equals about a 140% premium to Nagarro’s June 25 undisturbed close and a 94% premium to its three-month VWAP, signalling a decisive valuation move.
- Persistent has arranged a €1.4 billion, 18-month bridge facility from Barclays backed by a corporate guarantee and says it will use this financing to fund the takeover.
- The bid is subject to regulatory approvals and a minimum acceptance threshold of 50% plus one share, with Persistent targeting a close in Q4 2026 or Q1 2027 and an intention to delist Nagarro where legally possible.
- If completed, the combination would create an approximately $2.9 billion revenue run rate company with about 46,000 employees and substantially boost Persistent’s European revenue share from roughly 9% to about 22%.