Carnegie

Corporate Finance – 4 Oct 2018

Carnegie sole financial adviser to MB Funds in the sale of Parmaco

MB Funds based in Finland announced today the sale of Parmaco Oy (“Parmaco”) to a consortium consisting of Terra Firma, Metric Capital, Sung Hung Kai & Co and current management.

Parmaco is a leading provider of high quality movable rental buildings primarily used for day cares and schools in Finland and Sweden. Parmaco has two production sites in Finland as well as several production partners in the Baltics and Sweden. In 2017, Parmaco had sales of EUR 101.2m and an EBITDA of EUR 20.5m.

The transaction is subject to regulatory approvals. The parties have agreed not to disclose the transaction value.

Carnegie acted as sole financial adviser to the owners of Parmaco in connection with the transaction.

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Corporate Finance – 17 Aug 2018

Carnegie financial adviser to the owners of Macrobond in sale to Nordic Capital

Macrobond and Nordic Capital announced on August 10, 2018, that Nordic Capital Fund IX has entered into an agreement to acquire Macrobond from the current owners.

Macrobond was founded in 2008 and is today one of the world’s leading SaaS and data providers of macroeconomic and financial time series data from primary and third-party sources.

The Macrobond application is sold globally, through its sales offices in New York, Malmö, London and Hong Kong, to financial institutions, government institutions, central banks, academics, corporates and research houses etc. Company headquarters are located in Malmö, Sweden.

In 2017, Macrobond had net revenue of SEK 125m and an EBIT of SEK 55m.

The parties have agreed not to disclose the terms of the transaction.

Carnegie acted as sole financial adviser to the owners of Macrobond in connection with the transaction.

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Corporate Finance – 15 Jun 2018

Carnegie Joint Global Coordinator in the ISK 39,028 million / SEK 3,180 million IPO of Arion Bank on Nasdaq Iceland and Nasdaq Stockholm
Arion Bank was listed today on Nasdaq Iceland and the Nasdaq Stockholm. The shares were sold to retail investors in Iceland and Sweden as well as institutional investors in Iceland, Europe and the United States. The offering saw strong interest of both retail and institutional investors was multiple times oversubscribed at the final deal price

Overview of the IPO
- The Selling Shareholders have set the final price for ordinary shares offered in the Arion Bank IPO at ISK 75 per share on Nasdaq Iceland and SEK 6.11 per SDR on Nasdaq Stockholm.
- A total of 452,500,000 ordinary shares currently owned by the Selling Shareholders was placed in the IPO. Additionally, up to 67,875,000 ordinary shares have been made available from the holdings of the Selling Shareholder to cover potential over-allotments (the “Over-Allotment Securities”)
- Assuming the placement of all Over-Allotment Securities, the total offer volume amounts to ISK 39,028 million / SEK 3,180 million
- Arion Bank’s total market capitalization will amount to ISK 135,750 million / SEK 11,061 million and a free float of c.30.9% of Arion Bank’s outstanding share capital
- Arion Bank’s ordinary shares and SDRs started trading on Nasdaq Iceland and Nasdaq Stockholm under the ticker symbol ARION IR and ARION SDB respectively, on 15 June 2018 at 9:30 Icelandic time (GMT) / 11:30 (CEST)
About Arion Bank

Arion Bank is a leading, privately owned universal relationship bank in Iceland with a differentiated and innovative approach. Arion Bank has established itself as a broad and well-balanced bank that provides products and services which meet the needs of Icelandic households and companies. To ensure it is well-balanced and diversified in its product and services offering and expertise, Arion Bank has organised itself across four dedicated divisions, Retail Banking, Corporate Banking, Investment Banking and Asset Management. Arion Bank furthermore operates strategic subsidiaries that add valuable products and services to the business, such as payment processing, fund management and insurance. Arion Bank’s diversified and balanced approach to its business also means that it has a broad revenue base and a balanced and diverse loan portfolio with moderate risk profile serving individuals and companies. As a result, Arion Bank enjoys a strong position within domestic financial markets in terms of its return on equity, operational efficiency and product and services offering

Carnegie acted as Joint Global Coordinator in the IPO.
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Corporate Finance – 14 Jun 2018

Carnegie financial adviser to owners of Svensk Hypotekspension in sale to Nordax Bank

Nordax Bank has entered into an agreement to acquire Svensk Hypotekspension from the current owners. Svensk Hypotekspension has a unique position in Sweden within equity release, enabling elderly people who own property to enhance quality of life in a risk-free manner by releasing capital tied-up in their homes. Since its inception in 2005, Svensk Hypotekspension has built a loan book of more than SEK 3.5 bn and had approx. 5,000 active customers, by the end of December 2017.

The transaction is subject to regulatory approvals.

Carnegie acted as sole financial adviser to the owners of Svensk Hypotekspension in connection with the transaction.

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