White Bidco Limited, an entity indirectly owned by the Francisco Partners Funds, has announced an update on the acceptance level of its recommended cash offer for Blancco Technology Group plc. As of September 19, 2023, valid acceptances of the offer had been received in respect of a total of 35,990,585 Blancco shares, representing approximately 47.53% of Blancco's existing issued share capital. This includes valid acceptances in respect of 26,386,176 Blancco shares, which were the subject of irrevocable undertakings in favor of Bidco, and valid acceptances in respect of 8,875,000 Blancco shares, which were the subject of a non-binding letter of intent. Bidco may count these shares towards satisfaction of the acceptance condition to its offer. Blancco shareholders who have not yet accepted the offer are urged to do so by no later than October 7, 2023.