FinnvedenBulten starts trading on NASDAQ OMX Stockholm
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
About Nordic Capital Private Equity Funds
Since the start in 1989, Nordic Capital Private Equity Funds
have invested in large and medium sized companies, primarily in
Northern Europe. Through committed ownership and by targeting
strategic development and operational improvements, Nordic Capital
creates value in its investments. The funds invest in companies in
Northern Europe and in selected investment opportunities
internationally. They are based in Jersey, Channel Islands, and are
advised by the NC Advisory companies in Sweden, Denmark, Finland,
Norway, Germany and the UK. Additional information about Nordic
Capital is available through its corporate website, www.nordiccapital.com.
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