May 20 2011
The interest in acquiring shares in FinnvedenBulten AB (publ) ("FinnvedenBulten", the "Company", or the "Group") has been strong, both among Swedish retail investors as well as Swedish and international institutional investors. The offering was oversubscribed several times. The share price has been set at SEK 49 per share, which corresponds to a total value of FinnvedenBulten of about SEK 1 billion following completion of the offering.
Roger Holtback, chairman of the board of FinnvedenBulten:
"FinnvedenBulten's successful work over the past years in creating a profitable and competitive company has been well received by both Swedish and international investors. With an offering that was oversubscribed multiple times and approximately 3,000 new shareholders, we now look forward to continue to develop the company in a listed environment."
Johan Westman, CEO of FinnvedenBulten:
"This is a great day for FinnvedenBulten and the interest from institutional and private investors has been strong. With extensive restructuring and rationalization programs, we have strengthened our competitiveness and advanced our position. With improved profitability, strong customer relations and dedicated employees, we now have a strong base for continued profitable growth and expansion in emerging markets."
There will be a total of approximately 3,000 shareholders after the completion of the offering.
The offering includes a total of 11,326,483 shares, representing about 54 percent of the shares and votes in FinnvedenBulten. Upon full exercise of the over allotment option, the offering includes a total of 13,025,455 shares, representing about 62 percent of the shares and votes. The total value of the offering including the over allotment option equal to approximately SEK 638 million. After completion of the offering, in accordance with the prospectus published on 9 May 2011, the total number of shares and votes in FinnvedenBulten amounts to 21,040,207. Trading in the FinnvedenBulten share on NASDAQ OMX Stockholm starts today 20 May 2011, under the ticker symbol "FBAB".
Handelsbanken Capital Markets and Carnegie are Joint Lead Managers and Joint Bookrunners in connection with the offering. Sundling Wärn Partners AB is financial advisor. Advokatfirman Vinge is legal advisor to the Company and in the offering. Setterwalls Advokatbyrå is legal advisor to the Company.
For further information, please contact:
Johan Westman, CEO and president of FinnvedenBulten, tel +46 31
734 59 00
Roger Holtback, chairman of the board of FinnvedenBulten, tel +46 70 548 68 18
Ulf Rosberg, board member and Nordic Capital representative, tel +46 8 440 50 50
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. The Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory entities in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com