Francisco Partners Funds-owned entity, White Bidco Limited (Bidco), has announced an update to its recommended cash offer for Blancco Technology Group. Bidco is waiving down the acceptance condition from 90% to 75% of Blancco shares. The unconditional date and last date for acceptances of the offer is 18 October 2023 at 1:00 p.m. London time. If insufficient acceptances are received by the unconditional date, the offer will lapse. As of 11 October 2023, valid acceptances of the offer had been received in respect of 65.50% of Blancco's existing issued share capital.