Waterland rules out Gamma offer clearing way for Epiris takeover
(Alliance News) - Waterland Private Equity Investment BV on Thursday pulled out of the bidding race to buy Gamma Communications PLC.
Netherlands-based private equity firm Waterland was revealed as a possible suitor for London-based cloud communications and voice services provider Gamma in August.
But on Thursday, Waterland said that it does not intend to make an offer for Gamma.
At the beginning of September, Gamma agreed a rival approach from Epiris GP III Ltd funds.
London-based private equity firm Epiris LLP had initially considered a joint offer with Providence Equity Partners LLP, which dropped out in June.
Gamma shareholders, under the terms of Epiris's accepted offer, will be entitled to receive 1,120 pence in cash per share. This values its share capital at about GBP1.02 billion, with an implied enterprise value of approximately GBP1.08 billion.
Epiris expects the deal to complete in the first half of 2027.
On Thursday, Gamma traded down 2.6% at 1,095.00p each in London.
By Jeremy Cutler, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2026 Alliance News Ltd. All Rights Reserved.
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States