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Kistefos AS, a private investment company wholly owned by Christen Sveaas, has successfully issued additional bonds of NOK 500 million under KIST10’s existing senior unsecured bond framework. The net proceeds from the bond issue will be used to repay the remaining outstanding amounts of KIST07 and general corporate purposes. The transaction received strong interest, attracting new investors, and was priced in the lower end of the price range.

On Tuesday 7 May 2024, ABG Sundal Collier announced the successful sale of Agartha AB’s shares of series A in Swedish Logistic Property (SLP). ABGSC acquired the majority of the series A shares sold by Agartha. In connection with the sale, ABGSC sold c. 8.1 million shares of series B in SLP to professional investors in a separate offering. In total, c. 9.6 million shares, corresponding to c. 4% of SLP and c. SEK 298 million, were sold to institutional investors.

Agartha AB is an investment company owned by SLP’s co-founder and board member Greg Dingizian.

On Tuesday 7 May 2024, Napatech A/S announced a private placement of 9 million shares, corresponding to approximately 10% of the company. The transaction was completed as an accelerated bookbuilding and priced at NOK 25 per share, for a total transaction size of NOK 225 million. The Private Placement was significantly oversubscribed and attracted interest from high-quality accounts, as well as receiving strong support from existing shareholders. The net proceeds will be used to finance the growth opportunity arising from announced partnerships (resulting in the increased guidance), including i.a. hiring of more developers and working capital requirements in connection with increased production, as well as for general corporate purposes.

ABG Sundal Collier acted as joint bookrunner in the transaction.

On Monday 6 May 2024, Kvarøy Fiskeoppdrett AS announced the establishment of a partnership with Kobbvåglaks AS and Seløy Sjøfarm AS for its wholly-owned subsidiary Kvarøy Smolt AS. Following the transaction, Kvarøy Smolt AS will be 50% owned by Kvarøy Fiskeoppdrett AS and 50% owned by Kobbvåglaks AS and Seløy Sjøfarm AS. The transaction consisted of a combination of newly issued shares in Kvarøy Smolt AS and sale of secondary shares from Kvarøy Fiskeoppdrett AS.

Kvarøy Smolt AS, comprised of two sizable flow-through smolt production facilities, has undergone upgrades and expansion investments of more than NOK 300 million over the last few years. The company has a current annual capacity of producing ~9 million smolt, with the potential to increase this to ~11 million.

ABGSC acted as exclusive financial adviser in the transaction and would like to express its gratitude to the Kvarøy team for the vote of confidence.

On May 2, 2024, Norway’s Best Group AS (“NBG“) announced the acquisition of Havila AS’ 50% stake in The Fjords DA (“The Fjords”), increasing NBG’s ownership in The Fjords from 50% to 100% following the completion of the transaction. ABG Sundal Collier acted as exclusive M&A advisor to NBG and was also involved assisting the company through the acquisition financing process, facilitating a convertible loan to existing NBG shareholders as well as an external investor.

Established in 2015, The Fjords specialises in offering sustainable fjord experiences in the western parts of Norway as well as in Oslo, with a fleet largely comprising state-of-the-art electric or hybrid vessels with capacity to serve up to 400 passengers at a time. The Fjords’ tourism activities is closely linked to the key commercial activities for NBG, in particular to the UNESCO World Heritage listed Nærøyfjorden (which is home to Flåm, a key hub for NBG), and the 100% acquisition of The Fjords will further strengthen NBG’s position as a leading player in the Norwegian tourism sector.

On Tuesday 23 April 2024, Freemelt Holding, the Swedish additive manufacturing company, announced the successful completion of a fully guaranteed rights issue of approximately SEK 66 million. The net proceeds of the rights issue are primarily intended to be used in the industrialisation of Freemelt Holding’s industrial product- and service portfolio and to accelerate the commercialisation in the European and North American markets.

ABG Sundal Collier acted as sole global coordinator and bookrunner in the transaction.