FinanceDublin.com - <b>Deals of the Year 2025: </b>K1 acquisition of MariaDB included unusual conflicts of interest that needed to be overcome

This complex acquisition was completed under a tender offer subject to Irish Takeover Rules and the US Securities Exchange Act, followed by a compulsory acquisition under the Irish Companies act and can act as a valuable case study for private equity purchasers in the Irish market.

Headquartered in Ireland and the US, MariaDB is a provider of enterprise open-source database software and cloud managed database services. During 2024, the company received an offer from K1 Investment Management to acquire the entire company at $0.55 a share. K1 is a US-based investment company focused on enterprise software companies.
As this was the first successful takeover of an Irish incorporated US listed company in the last 20 years structured as a tender offer, th....

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