Strategic Value Partners LLC, through Coniferous Bidco AB, has announced a public offer to the shareholders of Nordic Paper Holding AB for all the shares in the company, at a price of SEK 50 in cash per share, for a total offer of approximately SEK 3,345 million. The largest shareholder in Nordic Paper, Shanying International Holding Co. Ltd via its wholly owned subsidiary SUTRIV Holding AB, representing approximately 48 per cent of the shares in the company, has irrevocably undertaken to accept the offer.
KANTER has assisted SUTRIV in connection with the offer.
Tradedoubler AB has completed a rights issue to its existing shareholders and thereby raising gross proceeds amounting to approximately SEK 50 million. KANTER has assisted Tradedoubler in connection with the transaction.
ECIT AS has entered into an agreement with Qlosr Group AB to acquire the shares in Qlosr Group’s material subsidiaries operating within the IT sector in Sweden for a purchase price of appr. MSEK 300. Qlosr Group is an end-to-end partner in IT services and deliveries in Sweden, with customers in the private and public sector. Based in Norway, ECIT supports a large customer base with accounting, payroll, and IT services and has a proven model for acquisitions, having completed more than 135 acquisitions since 2013.
ECIT was advised by KANTER in the transaction.
Xplora Technologies AS has announced a recommended takeover offer to the shareholders in Doro AB. The offer values Doro to approximately SEK 834 million. Doro’s shares are listed on Nasdaq Stockholm. KANTER has assisted Doro in connection with the offer.
Idun Industrier AB has completed a directed share issue to existing and new investors and thereby raises gross proceeds amounting to approximately SEK 200 million. KANTER has assisted Idun Industrier in connection with the transaction.
Sensys Gatso Group AB has raised EUR 30 million through the issuance of senior unsecured bonds. KANTER has assisted Sensys Gatso Group in connection with the transaction.
EQT Public Value Investments has divested its shareholding in Storytel AB corresponding to a value of SEK 570 million as well as part of its shareholding in Biogaia AB corresponding to a value of approximately SEK 735 million.
KANTER has assisted EQT Public Value Investments in connection with the divestments.
Genova has signed an agreement to divest a portfolio consisting of the properties Uppsala Kungsängen 32:6, Uppsala Kungsängen 32:8 and Upplands-Bro Viby 19:29, 19:33. The sale is carried out at an underlying property value of SEK 121 million.
Genova was advised by KANTER in the transaction.
Axfood acquires the store chain City Gross, in which Axfood already possess joint control through its minority shareholding. The acquisition creates conditions to strengthen City Gross’ competitiveness and for growth in the hypermarket segment, which will challenge the market leaders and increase competition in this segment. The consideration amounts to SEK 2 billion.
Axfood was advised by KANTER in the transaction.
Genova has signed an agreement to divest the Journalisten 1 and Handelsmannen 1 properties in Norrtälje to a newly formed joint venture in which Genova is a half-owner together with Nrep. The sale is carried out at an underlying property value of SEK 1,286m.
Genova was advised by KANTER in the transaction.