The buyer has made a recommended all-cash offer for all of Inspired's issued and to be issued share capital, valuing the company at approximately GBP 183.6 million on a fully diluted basis.
The acquisition is structured as a takeover offer under Chapter 3 of Part 28 of the Companies Act and covers the entire issued and to be issued share capital of Inspired.
Inspired is a technology-enabled commercial energy and sustainability advisory provider whose offering spans utility data management, procurement, consumption reduction and ESG strategy, organised across four divisions: Assurance, ESG, Optimisation and Software.
The recommended cash takeover is priced at GBP 0.81 per share, valuing Inspired's entire issued and to be issued ordinary share capital at about GBP 183.6 million.
The transaction was announced as a recommended cash takeover of Inspired by Intrepid Bidco Limited.