Warburg Pincus moves to delist PSI Software with cash offer

PSI Software agreed to a delisting with Zest Bidco, its Warburg Pincus-controlled majority shareholder, which will offer cash for all remaining shares at the German statutory minimum price. (PSI press release; Warburg Pincus announcement (via Placera))

The offer price is set at the six-month weighted average share price as determined by BaFin, and no euro amount was given. The offer has no conditions and a four-week acceptance period. PSI makes energy and production optimization software and has about 2,250 employees. (PSI press release; Warburg Pincus announcement (via Placera))