London Acquisition, a company controlled by a consortium of funds managed and advised by Candover, Landsbanki Islands and Eyrir Invest, have made their 1.5 billion euro ($2.2 billion) offer for Dutch industrial group Stork NV formal, they said late on Friday.
The sweetened 48.4 euro per share deal was announced last month, which includes the sale of Stork's Food Systems division to Iceland's Marel Food Systems for 415 million euros on a cash and debt-free basis.
A first attempt by Candover to buy Stork for 47 euros per share failed as larger shareholder LME declined to sell its 43 percent stake under the terms of Candover's previous offer.
LME is made up of Iceland's Marel Food Systems bank Landsbanki Islands and Eyrir Invest. The acceptance period starts on December 17 and ends on January 14 at 1400 GMT. The offer will be declared unconditional when 95 percent of Stork shares will be offered.
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