White Bidco Limited, an entity indirectly owned by the Francisco Partners Funds, has announced that it has received valid acceptances of its cash offer for Blancco Technology Group PLC. Bidco and its nominees have acquired or agreed to acquire a total of 68,597,291 Blancco shares, representing 90.60% of Blancco's existing issued share capital. When combined with the shares to be issued or transferred to satisfy the vesting of awards and exercise of options held by Blancco employees, Bidco has acquired or agreed to acquire 90.84% of all issued or to be issued Blancco shares. The cancellation of Blancco's admission to trading on AIM is expected to become effective on November 17, 2023. Blancco shareholders who have not accepted the offer will own shares in an unlisted company and will not benefit from the protections under the AIM Rules. Bidco will now begin the implementation of the compulsory acquisition procedure to acquire the remaining Blancco shares. The offer will remain open for acceptance until further notice, and settlement of consideration for valid acceptances will be made within 14 days after receipt. Blancco shareholders are urged to accept the offer as soon as possible. The offer document and form of acceptance are available on Blancco's website and can be obtained from Computershare Investor Services.