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Sveriges bästa private banking

On Tuesday 1 October 2024, ABG Sundal Collier acted as sole bookrunner in a sale of approximately 13.4 million shares in Link Mobility (the “Company”), equivalent to 4.5% of the Company. The transaction priced at NOK 22.60 per share, for a total transaction size of NOK 303 million. The seller received these shares as partial settlement of an acquisition by Link Mobility and holds no shares in the Company after the transaction.

Taptravel Nordic AB (publ) (“BIG Travel” or “BIG”), Sweden’s largest online tech-enabled disruptor within public sector and corporate travelling, has successfully issued three-year senior secured bonds in a total nominal amount of SEK 150 million.

The transaction received strong interest from Nordic and international institutional investors and the book was significantly oversubscribed. The net proceeds will be applied towards refinance existing debt and fund working capital to meet strong customer demand.

Hawk Infinity Software AS, a leading Nordic cloud software group specialising in niche markets, has successfully completed a new senior secured bond issuance totalling NOK 1,000 million, with a 5-year tenor. The net proceeds from the bond issue will be used to finance acquisitions. The issuance attracted strong interest from high-quality investors both in the Nordics and internationally.

On Friday 27 September, Ankarhagen announced the successful completion of a directed share issue of SEK 70 million subscribed for by Jofam AB. In conjunction with the directed share issue, Holmströmgruppen announced the sale of its ownership interest in Ankarhagen including shareholder loans for a total consideration of approx. SEK 120 million. Ankarhagen will form a JV with the Åhman family around a property portfolio in Östergötland and acquire a 49% stake in the property-owning company Luxora Invest AB, for which the proceeds from the directed share issue will be utilised.

ABG Sundal Collier acted as financial advisor and sole bookrunner to Ankarhagen and Holmströmgruppen in conjunction with these transactions.

On Friday, 27 September 2024, Conscia Group (“Conscia”), a leading cybersecurity and networking provider for complex regional and global organisations owned by Nordic Capital, announced the acquisition of Kanari Group AS (“Kanari”) from Adelis Equity Partners Fund II (“Adelis”) and the management team and employees of Kanari.

Kanari is a Nordic leader within observability services, delivering actionable insights for complex IT environments through combining industry leading observability software and deep domain expertise of enterprise systems and processes as a managed service for enterprise customers. Through the acquisition, Kanari will bolster Conscia’s activities and expertise within observability while benefitting from Conscia extensive networking, hybrid cloud and cybersecurity solutions. During its four years of Adelis ownership, Kanari grew its recurring managed service revenues by over 100%.

ABG Sundal Collier acted as the exclusive financial adviser to Kanari’s owners.

The transaction is subject to customary regulatory approvals and is expected to close during the fourth quarter 2024.

Genova Property Group AB (publ) (”Genova”), a dedicated real estate company that sustainably owns, manages, and develops commercial, community service, and residential properties, has successfully issued new green hybrid bonds in a total nominal amount of SEK 300 million. In connection with the transaction, Genova invited the holders of the Company’s existing hybrid bonds to participate in a voluntary tender offer.

The transaction received strong interest from Nordic and international investors and the books were oversubscribed.

Net proceeds from the bond issue will be applied in accordance with the Green Finance Framework including repurchase of the existing hybrid bonds.