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The financing includes a directed share issue of SEK 82.4 million, a bridge financing of SEK 44.7 million to be converted into shares, and a rights issue of approximately SEK 110.4 million with guarantee undertakings of SEK 32.9 million. The proceeds will primarily support the company’s working capital, accelerate commercial rollouts, and optimise Exeger’s production and technology platform.

Having advised Exeger in connection with a capital raise in 2022, this transaction marks the second transaction with ABG Sundal Collier.

Orkla ASA (“Orkla”), a leading Norwegian industrial investment company specialising in brands and consumer-oriented businesses, announced today, 6 November 2025, the successful completion of the initial public offering of Orkla India Limited (“Orkla India”) on BSE Limited and the National Stock Exchange of India Limited (the “IPO”).

Orkla India comprises a portfolio of iconic Indian heritage brands with a focus on spices, masalas, and ready-to-eat products. The IPO represents a milestone in Orkla’s ongoing transformation into an industrial investment company and is a part of its strategy to crystallise value within its portfolio. Orkla classifies Orkla India as a “Grow and Build” company.

In connection with the IPO, Orkla sold 20,560,768 shares in Orkla India, representing 15.0% of its share capital, at INR 730 per share. Net proceeds to Orkla, after tax and transaction costs, are estimated at approximately NOK 1.5 billion. Following the transaction, Orkla retains a 75.0% ownership interest in Orkla India.

The IPO totalled INR 16.7 billion (approx. NOK 1.9 billion) and attracted strong demand from both domestic and foreign investors, achieving an oversubscription of 49 times.

Infront, the leading European provider of integrated market data and WealthTech solutions, has successfully completed a new 4-year senior secured bond issue of EUR 155 million, under a framework of EUR 300 million.

The net proceeds from the bond issuance will be applied towards refinancing their outstanding bond with maturity in October 2026, repaying the drawn amount under their existing SSRCF and general corporate purposes.

After a three days roadshow, meeting over 60 investors, the transaction received strong demand from high-quality Nordic and international institutional investors.

Appear (the “Company”), designing and delivering high-capacity, sustainable solutions for media processing and live content delivery, yesterday announced the successful completion of its initial public offering of shares on Euronext Oslo Børs (the “IPO”). The IPO attracted significant interest from high quality investors, as well as from the general public in Norway and Sweden. The transaction was more than 12 times oversubscribed, excluding shares pre-allocated to cornerstone investors. The offer price of NOK 66.50 per Offer Share implies a pre-money market capitalisation of the Company of NOK 2.6 billon (before any exercise of the greenshoe option).

A total transaction of NOK 961 million was allocated, representing approximately 35% of the outstanding shares in the Company. Four cornerstone investors; Alfred Berg Asset Management, Storebrand Asset Management, DNB Investment Management and Kverva Finans AS, were allocated NOK 380 million, representing approximately 40% of the shares on offer in the IPO.

The first day of trading in the Company’s shares on Euronext Oslo Børs is 6 November 2025.

International Personal Finance plc (“IPF”), the holding company for a global international consumer finance business, helping people excluded from mainstream finance to access simple, personal and affordable credit, has successfully priced SEK 1,000 million senior unsecured floating rate notes with a tenor of 3 years (the “Notes”). The Notes carry a floating interest rate of 3m STIBOR plus 5.75 per cent. and are expected to be admitted to trading on the Frankfurt Open Market.

This is IPF’s largest issuance in the Nordic capital market to date and the transaction received strong demand from both international and Nordic investors – resulting in the issue being well oversubscribed.

ABG Sundal Collier (“ABGSC”) acts as financial advisor to the Norwegian Ministry of Trade, Industry and Fisheries (“NFD”) in connection with the proposed demerger of Kongsberg Maritime (“KM”) from Kongsberg Gruppen ASA (“KOG”) and the combination of Kongsberg Defence & Aerospace (“KDA”) and Kongsberg Discovery (“KD”) into a focused technology and defence company.

KOG, founded in 1814, has evolved from its origins as a Norwegian industrial enterprise into a global technology leader. Over time, its business areas have developed into strong and increasingly independent businesses. The Board of KOG has proposed a demerger of KM, while KDA and KD will be combined under the existing listed entity KOG. The separation carries strong strategic merits by creating two independent companies, each with sharper strategic focus, stronger execution power, improved ability to navigate market specified challenges and opportunities, and with enhanced competitiveness.

NFD is the largest shareholder in Kongsberg Gruppen ASA with 50% ownership of the Company, and has expressed its preliminary support for the Board’s proposal.