Carnegie

Corporate Finance – 15 Oct 2019

Carnegie sole financial adviser in the €190m sale of iLOQ to Nordic Capital

Jussi Capital Oy (“Jussi Capital”), Sievi Capital Oyj (“Sievi Capital”) and other shareholders has signed an agreement to sell iLOQ Oyj (“iLOQ”) to Nordic Capital Fund IX (“Nordic Capital”) for a purchase price of EUR 190m.

iLOQ is a leading provider of self-powered digital and mobile locking systems which transform the way access to buildings is handled into a highly secure, functional and sustainable system. Drawing on its extensive track-record of organic growth acceleration and international expansion, Nordic Capital will support iLOQ’s continued development and growth. The Founder of iLOQ and the management team will re-invest in the business alongside Nordic Capital.

The transaction is subject to customary regulatory approvals and is expected to be completed by the end of 2019.

Carnegie acted as sole financial adviser to the shareholders of iLOQ.

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Corporate Finance – 23 Sep 2019

Carnegie acted as joint bookrunner in SEK 525 million issuance of senior unsecured bonds by Genova Property Group

The bonds received strong interest among institutional investors in the Nordic capital markets, which resulted in an upsize in the issue volume from SEK 500 million to SEK 525 million. The bonds were issued under a total framework of SEK 750 million and will have a 4-year tenor with floating interest rate of Stibor 3m + 5.25%. The issue date is set to 30 September 2019. The net proceeds from the issuer will in part be used to repay Genova’s currently outstanding bonds and for general corporate purposes including acquisitions and value-add investments.

About Genova

Genova Property Group was founded in 2006 and owns, manages and develops properties primarily in Stockholm and Uppsala. The Company is active in the entire real estate investment cycle, ranging from acquisitions, to development and property management. Its property portfolio is valued at SEK 2.7bn and it has 5,292 building rights, primarily rentals. Since December 2015 Genova has a listed preference share on Nasdaq First North Premier.

Carnegie acted as joint bookrunner in the transaction.

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Corporate Finance – 6 Sep 2019

Carnegie acted as sole bookrunner in Qliro AB's SEK 100 million subordinated Tier 2 bond issue

Qliro AB (“Qliro Financial Services”) has successfully issued subordinated Tier 2 bonds (sw. supplementärkapital) of SEK 100 million with maturity in September 2029 and first possible call date in September 2024. The bonds have a floating rate coupon of 3 month Stibor + 6.75 percent per annum. The transaction received strong interest from Nordic institutional investors. Qliro Financial Services intends to apply for listing of the bonds on Nasdaq Stockholm.

About Qliro Financial Services

Qliro provides financial services to merchants and consumers. E-merchants are offered a comprehensive check-out solution with the most popular forms of payments such as invoice, partial payment, card and direct bank payments in the Nordics. Consumers are offered several services to simplify their everyday lives, primarily paying safely at their desired pace but also saving and borrowing. Qliro was launched to simplify payments online in 2014. In 2015 the roll-out of the payment solution continued in Sweden and was also introduced in Finland and Denmark. The service is currently used throughout the Nordic region by e-merchants like CDON.COM, Nelly, NLY Man, Gymgrossisten, Lekmer, Tretti, Members, Skånska Byggvaror, Bangerhead and Designtorget.

About Qliro Group

Qliro Group is a leading Nordic e-commerce group in consumer goods and related financial services. Qliro Group operates the leading Nordic marketplace CDON.COM, the online fashion brand Nelly.com and Qliro Financial Services that offers financial services to merchants and consumers. In 2018 the Group had sales of SEK 3.2 billion. Qliro Group’s shares are listed on the Nasdaq Stockholm Mid-Cap segment under the ticker symbol QLRO.

Carnegie acted as sole bookrunner in the transaction.

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Corporate Finance – 16 Aug 2019

Carnegie financial adviser in the mandatory public tender offer of Silmäasema by Coronaria

Coronaria Oy (“Coronaria”) has, through share purchases made on 15 and 16 August 2019, acquired a total of 1,420,031 shares in Silmäasema Oyj (“Silmäasema”). As a result of the share purchases, Coronaria’s shareholding in Silmäasema increases to a total of 4,615,443 shares, corresponding to 32.4 per cent of all shares and voting rights in the Company, respectively. Consequently, Coronaria’s holding in Silmäasema exceeds 30 per cent of the shares and voting rights carried by Silmäasema’s shares and Coronaria is thereby obligated to launch a mandatory public tender offer for all shares and securities entitling to shares in Silmäasema (“Tender Offer”) in accordance with the Securities Markets Act.

The cash consideration represents a premium of approximately 7.5 per cent compared to the closing price of the Silmäasema share on Nasdaq Helsinki on 15 August 2019, the last trading day before the announcement of the Tender Offer, and a premium of approximately 9.4 per cent compared to the volume-weighted average price of the Silmäasema shares on Nasdaq Helsinki during the three-month time period preceding the date of the announcement of the Tender Offer.

Coronaria reserves the right to acquire shares in the Company before the commencement of the offer period, during the offer period and/or after the offer period of the Tender Offer through public trading on Nasdaq Helsinki.

Carnegie acted as financial adviser to Coronaria Oy

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