Francisco Partners has announced an extension of the offer timetable for its recommended cash offer for Blancco Technology Group. The offer, made by White Bidco, an entity indirectly owned by the Francisco Partners Funds, is for the entire issued and to be issued share capital of Blancco, excluding any shares already held by Bidco. The offer price is 223 pence per share. The extension of the offer timetable has been approved by the Panel and the board of Blancco and will now expire at 1:00 p.m. (London time) on 18 October 2023. Blancco shareholders who have not yet accepted the offer are urged to do so as soon as possible. As of 6 October 2023, Bidco had received valid acceptances of the offer in respect of 50,245,020 Blancco shares, representing approximately 66.36% of the existing issued share capital of Blancco. This includes valid acceptances in respect of 26,386,176 Blancco shares, which are the subject of irrevocable undertakings in favor of Bidco, and valid acceptances in respect of 8,875,000 Blancco shares, which are the subject of a non-binding letter of intent given by Canaccord Genuity Asset Management. The full details of the offer and the procedure for acceptance are set out in the offer document, which is available on Bidco's and Blancco's websites. Canaccord Genuity is acting as financial adviser to Bidco and Francisco Partners in connection with the offer.