Columbus IT, the Dynamics reseller based in Denmark, raised about $8.3 million through the offering of 26.5 million shares. The offering had pre-emptive rights for share holders. It coincided with a buyout of the shares of Gaardboe Holdings, owned by founder Michael Gaardboe, by the largest Columbus IT shareholder, Consolidated Holdings. None of the securities were registered for sale in the United States. Gaardboe sold out after another company, EG Holdings, approached with an offer to buy all of Columbus IT. However, Consolidated wasn’t interested.