Basware has confirmed that Danish Tradeshift Holding, which is backed by Goldman Sachs a.o., has placed a non-binding and highly conditional indicative proposal for the entire share capital of Basware. No financial details regarding the tender offer have been disclosed but as of yesterday, Basware’s market cap was approx. EUR 500m. Tradeshift develops and markets a leading supplier management platform. The pro forma deal value corresponds to an EV/sales of 3.51x and EV/EBITDA of 88.22x.