Public Tender Offer by EQT for All Listed Shares in Kuoni Travel Holding Ltd

On 2 February 2016, EQT VII, a fund of the private equity group EQT, acting through Kiwi Holding IV S.à r.l., announced an all-cash public tender offer for all listed shares in Kuoni Travel Holding Ltd (SIX: KUNN), a leading service provider to the global travel industry, for a price of CHF 370 per share. Kuoni’s Board of Directors unanimously recommends its shareholders to accept the offer.
With a view to the launch of the offer, Kiwi has entered into a transaction agreement with Kuoni. In addition, EQT has entered into an arrangement with the Kuoni and Hugentobler Foundation, that holds all non-listed voting shares in Kuoni, regarding Kuoni’s governance and future development.