THEON plans to acquire 9.8% stake in Exosens

Core Points - Theon International Plc has entered into a definitive agreement to acquire a 9.8% stake in Exosens SA for €268.7 million, equating to €54.0 per share [2][3] - Upon completion of the transaction, Theon will become the second largest shareholder in Exosens, following Groupe HLD [3] - The transaction is subject to regulatory notifications and is expected to close in early Q1 2026 [3] Financial Arrangements - UBS Europe SE and Citibank Europe PLC will provide a bridge facility for the transaction, which will be refinanced through a mix of debt and newly issued equity [4] - UBS Europe SE served as the sole financial advisor to Theon, while Clifford Chance provided legal advice [4] Company Background - Theon Group specializes in developing and manufacturing advanced night vision and thermal imaging systems for defense and security applications [6] - Theon Group has a global presence with subsidiaries and production facilities in multiple countries, including Greece, Cyprus, Germany, and the United States [6] - Theon International PLC has been listed on Euronext Amsterdam since February 2024 [6]