Candle Lake Mandatory Cash Offer for Evolution (Crosses 30% Threshold)
August 16, 2026
Candle Lake, a Kenneth Dart-owned investment vehicle, launched a SEK 131.7 billion mandatory public cash offer for online gaming technology company Evolution after increasing its ownership beyond Sweden’s 30% takeover threshold. Evolution shareholders are offered SEK 695 per share in cash, valuing the company at approximately SEK 131.7 billion and with acceptance expected from August 17 to September 15, 2026.
- Buyers
- Candle Lake
- Targets
- Evolution
- Industry
- Software
- Location
- Sweden
- Transaction Type
- Buyout
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