Carnegie

Corporate Finance – 10 Dec 2018

Carnegie Sole Global Co-ordinator and Joint Bookrunner in the IPO of Lime
Lime Technologies AB (publ) (“Lime” or the “Company”) announced 6 December 2018 the outcome of the Initial Public Offering of the Company’s shares (the “Offering”) and the listing of the shares on Nasdaq Stockholm. The Offering was substantially over-subscribed and attracted very strong interest from institutional investors in Sweden and internationally as well as from the general public in Sweden.

The Offering in brief
- As previously announced, the price per share in the Offering was SEK 72, corresponding to a total value of the outstanding number of shares in Lime of SEK 900 million
- Furthermore, the Main Shareholder has undertaken through an Over-allotment Option to sell a maximum of 664,239 additional existing shares in the Company, corresponding to SEK 47.8 million and 15.0 percent of the total number of shares in the Offering (the “Over-allotment Option”)
- Assuming a full exercise of the Over-allotment Option, the value of the Offering will amount to SEK 366.7 million and correspond to 40.7 percent of the total number of shares in the Company upon completion of the Offering
- The Offering comprised 4,428,261 existing shares in Lime, corresponding to SEK 318.8 million, which were primarily offered by the Main Shareholder (Monterro 1 AB)
- The Offering was substantially over-subscribed and attracted very strong interest from institutional investors in Sweden and internationally as well as from the general public in Sweden
- In accordance with their commitments, Swedbank Robur Fonder AB, Aktiebolag Grenspecialisten, LMK Venture Partners AB, RoosGruppen AB and C Worldwide Asset Management (together ”Cornerstone Investors”) have acquired a total of 2,038,888 shares for a total of SEK 146.8 million in the Offering, corresponding to 40.0 percent of the shares in the Offering, assuming that the Over-allotment Option is exercised in full
- Erik Syrén, CEO of Lime, has via his wholly owned company Syringa Capital AB been allocated 97,222 shares, corresponding to SEK 7.0 million, and will thus increase his ownership in Lime from 10.0 percent before the Offering to 10.8 percent of the total number of shares in Lime after completion of the Offering
- Immediately following completion of the Offering, assuming that the Over-Allotment Option is exercised in full, Lime’s largest shareholders will be; Monterro 1 AB (30.0 percent of the outstanding shares in the Company), Syringa Capital AB (10.8 percent), Swedbank Robur Fonder AB (9.2 percent), Aktiebolag Grenspecialisten (7.5 percent), LMK Venture Partners AB (3.4 percent), RoosGruppen AB (3.4 percent) and C Worldwide Asset Management (2.8 percent)
- Trading in the Lime share on Nasdaq Stockholm commenced on December 6, 2018 and the shares are traded under the ticker “LIME”. Settlement will take place on December 10, 2018
Lime is one of the leading players in SaaS Customer Relationship Management (CRM) in the Nordic market. Lime develops, sells and implements user-friendly and flexible CRM systems.

Carnegie acted as Sole Global Co-ordinator and Joint Bookrunner in the IPO
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Corporate Finance – 10 Dec 2018

Carnegie Sole Global Co-ordinator and Sole Bookrunner in the IPO of Q-linea
Q-linea AB (publ) (”Q-linea” or the ”Company”) announced 6 December the outcome of the offering of new shares in the Company (the “Offering”) and the listing of the Company’s share on Nasdaq Stockholm. The Offering attracted very strong interest from institutional investors as well as the general public in Sweden. The value of the Offering, including the over-allotment option, is SEK 632 million.

The Offering in brief
- The price per share in the Offering was SEK 68, corresponding to a total value of the number of outstanding shares in Q-linea upon completion of the Offering of SEK 1,558 million. Assuming that the Over-allotment Option is exercised in full, the value of the total number of shares in the Company will amount to SEK 1,640 million.
- The Offering comprised 8,088,235 new shares in Q-linea, corresponding to SEK 550 million before transaction costs. The number of shares issued in the Offering corresponds to 35.3 per cent of the outstanding shares in Q-linea after completion of the Offering.
- Assuming that the Over-allotment Option is exercised in full, the Offering will in total comprise a maximum of 9,301,470 new shares in the Company, corresponding to a total value of SEK 632 million, before transaction costs and 38.6 per cent of the total number of shares in the Company after completion of the Offering. After completion of the Offering, assuming that the Over-allotment Option is fully exercised, the total number of shares in the Company will amount to 24,120,150.
- The Offering was substantially oversubscribed and approximately 3,900 investors have been allocated shares in Q-linea. All investors who have applied for acquisition of shares in the Offering to the general public in Sweden have been allocated shares.
- In accordance with their commitments, the current shareholders Investment AB Öresund and The Fourth National Pension Fund have subscribed for a total of 1,323,529 shares for a total of SEK 90 million, corresponding to 5.5 per cent of the shares in the Offering, assuming that the Over-allotment Option is exercised in full. Furthermore, Catella Fondförvaltning AB and Länsförsäkringar Fondförvaltning, who will become new investors in the Company through the Offering, have, in accordance with their commitments, subscribed for a total of 1,323,528 shares for a total of SEK 90 million, corresponding to 5.5 per cent of the shares in the Offering, assuming that the Over-allotment Option is exercised in full. In addition, certain board members and senior executives (among others CEO Jonas Jarvius) of the Company have subscribed for a total of 48,820 shares for a total of SEK 3.3 million, corresponding to 0.20 per cent of the shares in the Offering, assuming that the Over-allotment Option is exercised in full. Jonas Jarvius will after completion of the Offering own a total of approximately 1.56 per cent of the shares in the Company.
- Immediately following the completion of the Offering, assuming that the Over-allotment Option is exercised in full, Q-linea’s largest shareholders will be Nexttobe AB (37.5 per cent of the outstanding shares in the Company), Investment AB Öresund (9.3 per cent) and the Fourth Swedish National Pension Fund (AP4) (6.7 per cent).
- Trading in the Q-linea share on Nasdaq Stockholm commenced 7 December 2018, and the shares will be traded under the ticker “QLINEA”.
Q-linea is a diagnostic company focused on developing and delivering solutions for healthcare providers, enabling them to accurately diagnose and treat infectious diseases in the shortest possible time.

Carnegie acted as Sole Global Co-ordinator and Sole Bookrunner in the IPO
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Corporate Finance – 30 Nov 2018

Carnegie acted as Joint Bookrunner in the EUR 36.2m IPO of Oma Savings Bank Plc on the Main List of Nasdaq Helsinki
Oma Savings Bank, the largest savings bank in Finland, measured with the balance sheet total, was listed today and had its first day of trading on the Nasdaq Helsinki Main List.
- The price per share in the offering was EUR 7.00, corresponding to a total value of the outstanding shares in Oma Savings Bank upon completion of the offering of EUR 207m
- The offering comprised 4,500,000 New Shares in the Company
- The total Offer Size was EUR 36.2m
- The number of the Company’s outstanding shares will be 29,585,000 shares in total
- Trading in the shares in Oma Savings Bank on Nasdaq Helsinki commenced today, 30 November 2018, under the ticker “OMASP”
OmaSp is a growing Finnish bank and measured with the balance sheet total, the largest savings bank in Finland. Over 270 professionals provide nationwide services through OmaSp’s 40 branch offices and digital service channels to approximately 135,000 customers. OmaSp is focused primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

Carnegie acted as Joint Bookrunner
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Corporate Finance – 23 Nov 2018

Carnegie was sole financial adviser to Infranode in the recommended public cash offer to Skånska Energi’s shareholders

Infranode, through Infranode Energi AB, announced 21 September 2018, a recommended public cash offer to the shareholders in Skånska Energi AB (publ) to acquire all outstanding shares in Skånska Energi at a price of SEK 70 per share. The offer price was later raised to SEK 75 per share.

Infranode acquired 26 per cent of the shares from a group of shareholders in Skånska Energi. Infranode is a Swedish company that invests long-term in essential infrastructure in the Nordic region within energy, transport, telecommunications and social infrastructure. Skånska Energi is an independent energy company that offers climate-efficient energy solutions to consumers, businesses and public organizations.

Carnegie was sole financial adviser to Infranode Energi AB in connection with the Offer.

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