CVC Seeks to Buyout and Delist Polish IT Group Comarch (2)

Private equity fund CVC Capital Partners and some shareholders of Comarch SA announced plans to buyout and delist the Polish software firm. In response, the target’s shares jumped to a record.

In a planned bid that values Comarch at 2.57 billion zloty ($654 million), CVC and the Polish company’s founding family, including Chief Executive Officer Anna Pruska, jointly said on Wednesday they intend to offer 315.4 zloty per Comarch share, 10% above Tuesday’s close. The stock jumped by as much as 15%, advancing to the highest level since its 1999 listing.

The planned transactions are meant to facilitate Comarch’s ...