A directed share issue of 82 MSEK and introduction of an incentive program in Urb-it AB. Urb-it is a Swedish logistics company that offers flexible, fast, personal and environmentally friendly delivery options for consumers and retailers in large cities. KANTER has been the legal adviser to Urb-it both in the share issue and in the introduction of the incentive program.
FirstVet has closed another investment round where the company has raised around €29.5 million to support its launch in the US. The financing round was led by Mubadala Capital, with participation from Cathay Innovation alongside existing backers, OMERS Ventures and Creandum. FirstVet is a digital veterinary clinic which offers on-demand video consultations through its mobile app from local, qualified veterinarians. FirstVet was represented by KANTER.
Francks strengthens its position in the Värmland region through the acquisition of Gårdfeldts Kyl and in Katrineholm and the surrounding area through the acquisition of Mats Servicepartner. The current owners of Gårdfeldts Kyl and Mats Servicepartner, respectively, will remain in the business and in the Francks Group. KANTER represented Francks Kylindustri in the acquisitions.
Segulah Fund V has entered into an agreement to partner with Multisoft’s founders to develop and support the company in its next growth phase. Segulah will acquire a majority shareholding while the founders will retain a significant shareholding and remain in their respective operational roles. KANTER represented Segulah in the acquisition.
TAM Retail has entered into an agreement with Arwidsro to divest the development property Akka 4 in Skurup. The closing of the transaction is expected to take place in the latter part of 2021. TAM Retail was advised by KANTER in the transaction.
Storskogen has, through its subsidiary Södra Infragruppen Sverige AB, acquired the majority of the shares in Nordic Drilling System i Gävle AB (”NDS”). NDS is specialised in controlled drilling. KANTER represented the owners of NDS in the transaction.
SDCL Energy Efficiency Income Trust plc, SEEIT, has acquired Gasnätet Stockholm AB and Stockholm Gas AB from iCON Infrastructure through a wholly owned subsidiary. Gasnätet Stockholm AB owns the gas distribution network in the Stockholm area and Stockholm Gas AB is active in gas trading. KANTER represented SEEIT in the transaction.
RIBA is a leading player within technical management and projects in the Stockholm area with a yearly turnover of close to SEK 200 million and around fifty employees. KANTER represented Newsec in the transaction.
Agile Content S.A. has announced a public offer to the shareholders of Edgeware AB. The offer values Edgeware AB to approximately SEK 291 million. Edgeware AB’s shares are listed on Nasdaq Stockholm. KANTER acted as counsel to Edgeware AB in connection with the public offer.
Genova Property Group has entered into an agreement to acquire two properties in Knivsta for an underlying property value of SEK 246 million. The closing of the transaction is expected to take place in December 2020. Genova Property Group was advised by KANTER in the transaction.