UK's Craneware rejects Bain Capital's $1.3 billion takeover proposal
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Craneware declined Bain Capital's £1.3B offer, citing undervaluation. The proposal included a 29.3% premium over the share price.
(Reuters) -British software firm Craneware said on Wednesday it has rejected a takeover proposal from U.S. private equity firm Bain Capital, stating that the 26.50 pounds-per-share proposal undervalued the company.
Bain Capital's proposal would have valued the British company at 939.4 million pounds ($1.27 billion) on Wednesday.
Craneware's shares were up marginally at 20.10 pounds at 0723 GMT.
Bain Capital separately said it would not make an offer for Craneware.
The proposed bid represented a 29.3% premium over Craneware’s closing share price on May 15, the day before Bain Capital disclosed its interest.
Craneware, which specializes in healthcare financial software for the U.S. market, currently has a market capitalization of about 710 million pounds, according to LSEG data.
The company's shares had previously fallen to a one-and-a-half-year low in April, following the announcement of U.S. President Donald Trump's "Liberation Day" tariffs.
($1 = 0.7425 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Tasim Zahid)
Bain Capital proposed a takeover offer of £26.50 per share, valuing Craneware at approximately £939.4 million ($1.27 billion).
Craneware's shares were up marginally at £20.10 at 0723 GMT following the announcement of the rejected takeover proposal.
Craneware had a market capitalization of about £710 million according to LSEG data.
The proposed bid represented a 29.3% premium over Craneware’s closing share price on May 15, the day before Bain Capital disclosed its interest.
Bain Capital separately stated that it would not make an offer for Craneware after the rejection of its proposal.
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