Sidetrade, a French company specializing in artificial intelligence for cash flow generation and security, has concluded negotiations to acquire a majority stake, representing 58.73% of the capital, in SHS Viveon AG, a German leader in credit risk management software. The acquisition involves buying shares directly from current shareholders at €3 apiece, a 53% premium over the volume-weighted average price as of April 15, 2024, and an offer to buy the remaining shares through a public takeover at the same price. Upon completion, Sidetrade aims to delist SHS Viveon from the stock exchange. Legal advice for the transaction is being provided by King & Spalding LLP with ODDO BHF SE serving as a financial advisor. Founded in 1991 and based in Munich, Germany, SHS Viveon’s software supports risk, credit, and compliance management teams in automating the risk coverage process. In 2023, they reported €8.8M in revenue and served a client portfolio that includes Fortune 100 companies. Sidetrade’s AI platform, Aimie, analyzes intercompany transactions for payment behavior predictions and operates across various locations serving international clients from different sectors. The company adheres to the United Nations Global Compact’s principles for responsible business practices.
Software and Computer Services, Artificial Intelligence, Financial Services,France, Germany
https://www.globenewswire.com/news-release/2024/04/16/2863282/0/fr/Sidetrade-annonce-le-projet-d-acquisition-d-une-participation-majoritaire-de-SHS-Viveon-AG-une-soci%C3%A9t%C3%A9-allemande-leader-dans-les-logiciels-Order-to-Cash.html