Information Statement published for the £216 million recommended cash acquisition of Winward by Octopus UK Bidco, a subsidiary of investment fund FTV VIII managed by FTV Capital
January 2025
Windward is an Israeli headquartered, LSE AIM listed leading Predictive Intelligence company fusing AI and big data to digitalise the global maritime industry, enabling organisations to achieve business and operational readiness.
Windward’s AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, and business.
Octopus UK Bidco is a newly formed company wholly-owned by FTV VIII and its affiliates and is a fund managed by FTV Capital located in San Francisco, California.
On 24th December 2024, the Boards of Windward and Octopus UK Bidco announced that they had reached agreement on the terms of a recommended cash acquisition by Bidco of the entire issued and to be issued ordinary share capital of Windward.
The acquisition is to be effected by way of a merger under the Israeli companies’ law.
Publication of Information Statement
The Perivan shareholder communications team was delighted to work with CMS Cameron McKenna Nabarro Olswang who acted as legal adviser to Winward on the Information Statement and associated ancillary documents which were successfully published and posted to qualifying shareholders on 6th January 2025.
For more information, click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.
