Vi bygger
Sveriges bästa private banking

On 28 March 2025, it was announced that Blue Northern BLK Ltd (“Blue Northern”) completed the voluntary cash tender offer for all outstanding shares in Belships. Blue Northern holds approximately 97.9% of the shares in Belships after the voluntary offer and intends to carry out a compulsory acquisition of the remaining shares and take the company private.

Blue Northern is a special purpose vehicle incorporated for the purpose of launching the offer and was formed by funds managed by the Blue Ocean maritime investment team at EnTrust Global, a leading global alternative asset manager.

ABG Sundal Collier has advised EnTrust Global in the process leading up to the offer and launching of the voluntary offer for the outstanding shares in Belships. The offer values the company at approximately NOK 5.2 billion. Belships is listed on Euronext Oslo Børs. The company was founded in 1918 and is a shipowner and operator of geared bulk carriers with a modern fleet of Ultramax vessels.

On Thursday 27 March 2025, 4C Group (“4C”) announced the successful completion of a directed issue of approx. 3.1 million shares at a price of SEK 17.50 per share, raising gross proceeds of SEK 55m. 4C is a leading global provider of organisational readiness and training management solutions for customers in the defence, public and corporate sectors. The directed share issue provides 4C with the foundation to continue expanding globally and further strengthening its position in a time when its offering is more relevant than ever.

This is ABG Sundal Collier’s fourth transaction with 4C, following the IPO in 2022.

On 25 March 2025, Level Group, a part of the Knutsen Group, acquired DeepOcean Group’s 50% stake in Level Offshore AS, a leading provider of skilled personnel to the offshore subsea industry. With this transaction, Knutsen Group became the sole owner of Level Offshore, supporting the company in a new growth phase.

Level Offshore was founded as a joint venture between DeepOcean and Knutsen to source temporary and permanent personnel to DeepOcean. After having successfully broadened its customer and contractor base, the company is now set for a new phase of growth. As part of the agreement, DeepOcean has committed to a long-term service purchase agreement with Level Offshore, ensuring continued collaboration and visibility for personnel needs going forward.

ABG Sundal Collier acted as financial advisor to the owners.

Hawk Infinity Software AS, a leading Nordic niche cloud software group, has successfully completed a new senior secured bond issuance totalling NOK 600 million with a 5.25-year tenor. The net proceeds from the bond issue will be used to finance acquisitions. This marks the ninth bond transaction (including tap issues) by Hawk Infinity Software since 2021, garnering strong interest from high-quality investors across the Nordics and internationally.

Hospitality Invest has successfully completed the issuance of a new NOK 850m senior unsecured bond with a framework of NOK 1,200m. The new bond issue will have a four-year tenor, and the net proceeds will be utilized to refinance the company’s existing HOIN03 bond and for general corporate purposes. The issuance is Hospitality Invest’s fourth bond issue, and the transaction attracted a broad range of high-quality institutional investors. The bonds will have a coupon rate of 3m NIBOR + 500bps.

Kistefos AS, a private investment company wholly owned by Christen Sveaas, has successfully completed the issuance of new NOK 500m senior unsecured bonds with a framework of NOK 1,500m. The bonds have a floating coupon of 3m NIBOR + 3.65% p.a. and 5-year tenor. The net proceeds from the bond issue will be used together with available cash to refinance KIST08 PRO. The transaction received strong interest and was priced at the company’s lowest margin to date in the Nordic bond market.