Docebo investor Warburg notes sale of Docebo shares

Executive Summary

• Warburg Pincus entities have entered into a definitive agreement to sell all 3,630,715 common shares of Docebo Inc. they own (≈12.63% of outstanding shares).
• The transaction will generate aggregate cash proceeds of US$68,148,520.55 (CAD $95,810,005.04), at a price of US$18.77 per share (CAD $26.39).
• Closing is expected on or about February 27, 2026, after which the Warburg entities will no longer hold any Docebo common shares.

Key Details

• Seller: WPGG 14 Investment Ltd. IV (Warburg Pincus entities)
• Buyer: Intercap Equity Inc.
• Shares Sold: 3,630,715 common shares of Docebo Inc. (≈12.63% of total issued and outstanding on a non‑diluted basis)
• Purchase Price: US$18.77 per share (CAD $26.39 per share)
• Total Consideration: US$68,148,520.55 (CAD $95,810,005.04)
• Closing Date: Expected on or about February 27, 2026, subject to limited closing conditions
• Post‑Transaction Ownership: Warburg entities will hold 0% of Docebo’s common shares after the sale.
• Nature of Transaction: Ordinary course of business; disclosed pursuant to NI 62‑103 (Early Warning System).

Notable Quotes

(No executive quotes were included in the release.)