White Bidco Limited, an entity indirectly owned by the Francisco Partners Funds, has provided an update on the acceptance level of its recommended cash offer for Blancco Technology Group plc. As of October 12, 2023, valid acceptances of the offer had been received in respect of a total of 49,753,265 Blancco shares, representing approximately 65.71% of Blancco's existing issued share capital. This includes valid acceptances from irrevocable undertakings and a non-binding letter of intent. Bidco has waived down the percentage of Blancco shares required to satisfy the acceptance condition from 90% to 75%. Bidco has also stated that the financial terms of the offer are final and will not be increased, unless a third party makes a more favorable offer or with the consent of the Panel.