Carnegie

Corporate Finance – 19 Jun 2019

Carnegie joint global co-ordinator and joint bookrunner in the SEK 1.5 billion initial public offering of John Mattson on Nasdaq Stockholm
Summary of the Offering
- The issue price per share in the Offering was, as previously announced, SEK 90, corresponding to a total value of SEK 3,030 million for the total number of shares outstanding in John Mattson.
- The Offering consisted in total of 16,675,000 shares offered by AB Borudan Ett (the “Principal Shareholder”), including the overallotment option, which was utilized by the joint global co-ordinators.
- The value of the Offering, including the overallotment option, amounted to SEK 1,501 million, corresponding to 49.5% of the total number of shares outstanding in the Company.
- The First AP fund, Länsförsäkringar Fonder, Carnegie Fonder, Prior & Nilsson, Fidelity Management & Research and Tagehus Holding AB (jointly referred to as the “Cornerstone Investors”) acquired shares in the Offering for a total amount of SEK 910 million, corresponding to a total of 30.0% of the total number of shares outstanding in the Company on completion of the Offering.
- Trading in the John Mattson shares on Nasdaq Stockholm commenced 5 June 2019 under the symbol (ticker) “JOMA” and settlement took place on 10 June 2019.
About John Mattson

John Mattson is Lidingö’s largest residential property owner with some 2,200 rental apartments. As of 31 March 2019, the market value of John Mattson’s property portfolio was slightly more than SEK 6 billion. The property portfolio is located in southern Lidingö in the areas of Larsberg, Käppala, Baggeby and Dalénum. The apartments are of varying size, with different equipment standards and rent levels.

Carnegie acted as joint global co-ordinator and joint bookrunner.
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Corporate Finance – 12 Jun 2019

Carnegie advises Stillfront in SEK 500 million directed new share issue

Stillfront Group AB (publ) today announced that the company has completed a directed new share issue of 2,080,732 shares. The subscription price was SEK 240.40 per share, thus raising proceeds of approximately SEK 500 million, before transaction related expenses. The subscription price in the issue has been determined through an accelerated bookbuilding procedure.

The purpose of the Share Issue is to provide the Company with additional equity capital in a quick and efficient manner in order to further strengthen Stillfront's future financial flexibility in line with the Company's communicated financial targets. The additional equity capital improves the Company’s key performance indicators while enabling the Company to utilise on opportunities for continued profitable growth through acquisitions.

About Stillfront

Stillfront is a global group of gaming studios and a market leader in the free-to-play online strategy games genre. Our diverse and exciting games portfolio has two common themes; loyal users and long lifecycle games. Organic growth and carefully selected and executed acquisitions embody our growth strategy and our 600 co-workers thrive in an organisation that engenders the spirit of entrepreneurship. Our main markets are the US, Germany, MENA, France and UK. We are headquartered in Stockholm, Sweden and the company is listed on Nasdaq First North Premier.

Carnegie acted as joint global co-ordinator and joint bookrunner.

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Corporate Finance – 11 Jun 2019

Carnegie joint bookrunner in SEK 1,073 million placing in Resurs Holding AB

Nordic Capital has through Cidron Semper S.à r.l. sold all of its shares in Resurs Holding AB (publ) in an accelerated book-building process. Cidron sold 19,865,318 shares in the Company, corresponding to 9.9 percent of all shares and votes in Resurs. The sale price in the Share Sale was SEK 54.00 per share and the gross sales proceeds of the Share Sale amounted to approximately SEK 1,073 million. Following the settlement of the Share Sale, Cidron will no longer hold any shares in Resurs.

Carnegie acted as joint bookrunner in connection with the placing.

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Corporate Finance – 7 Jun 2019

Carnegie acts as financial adviser to Toadman in relation to the acquisition of PETROL and the financing of the transaction
Swedish gaming company Toadman Interactive AB (publ) (”Toadman”) has today entered into an agreement with the owners of California-based creative marketing company Petrol Advertising, Inc. (“PETROL”) to acquire 100 percent of the shares in PETROL for a consideration of USD 18.0 million on a cash and debt free basis, plus an additional consideration of up to USD 5.0 million based on PETROL’s financial performance during the twelve months following the acquisition.

Transaction overview
- Of the total upfront consideration of USD 18.0 million, equivalent of 6.8x PETROL’s 2018 adjusted EBIT;
- USD 10.75 million will be paid in cash and financed through the issuance of senior secured bonds under a larger loan framework amount with expected final maturity in June 2022, and
- USD 7.25 million will be paid in the form of newly issued Toadman shares, in a number which will be finally determined at closing on 26 June, 2019
- In addition to the upfront consideration, Toadman will pay an additional consideration to the shareholders of PETROL of up to USD 5.0 million based on PETROL’s EBIT performance for the twelve months period following the closing of the acquisition
- Toadman and PETROL combined has an unaudited pro forma revenue and adjusted EBIT for the period January-December 2018 of SEK 230.8 million and SEK 31.3 million, respectively
- The issue of the consideration shares is conditional upon, inter alia, approval of authorization to issue shares by the Extraordinary General Meeting in Toadman. Shareholders representing approximately 62.8 percent of the capital and votes in Toadman have committed to vote in favor of the resolution at the Extraordinary General Meeting
About Toadman

Toadman is a consultancy-driven gaming company with a goal of establishing an international market leading studio with expertise within action-based Role Playing Games (RPG) for PC, Playstation and Xbox. Toadman has its headquarters in Stockholm and has four additional offices located in Berlin, Oslo, Tver and Visby with a total of 85 employees. Toadman was founded in 2013 by Robin Flodin and Rasmus Davidsson as a work-for-hire gaming consultancy firm.

About PETROL

PETROL is a creative marketing company comprising a team of experts in Creative Development, Campaign and Go-To Market Strategy as well as Media Planning/Buying across gaming, tech, and sports. PETROL was founded in 2003 by Alan J. Hunter and Benjamin A. Granados. PETROL has pioneered the business of creating iconic Visuals/Trailers/Content and Marketing Strategies for the global entertainment market, largely focused on the Gaming vertical. This approach has created incredible success for their clients and partner brands. PETROL is based in Burbank, California.

Carnegie acts as financial adviser to Toadman in relation to the acquisition and sole bookrunner in the issuance of the bonds.
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