"Shareholders will be able to realise value for their shares in cash now at a material premium to the market price," he said.
The stock recently traded at $6.42, and has jumped from the $5.10 price it traded at before the offer was made public. That's more than double the $2.70 offer price in the 2011 IPO.
Kirk said that including the $1.33 per share paid out in dividends since then, total shareholder return is 188 per cent.
"A shareholder who invested at the time of the float back in late 2011 has received a return of 17.8 per cent annually for the last seven-and-a-half years - the whole of the company's listed life. That is an excellent return for a publicly listed company," he said.
Kirk gave a potted history of how Apax made its unsolicited offer in October last year, initially at $6.40 a share. He said the board decided to go public on the potential deal when the Australian Financial Review wrote a speculative piece in November.
That shook out a rival bid by private equity firm Hellman & Friedman, which prompted Apax to raise its offer to $6.45 a share.
Trade Me now needs High Court approval for the scheme, with a hearing tentatively scheduled for April 16. Provided that goes ahead, Trade Me will de-list from the NZX and ASX around May 5, with shareholders expected to be paid around May 8.