Carnegie

Corporate Finance – 6 Dec 2019

Carnegie sole global co-ordinator and joint bookrunner in the IPO of K-Fast Holding AB
K-Fastigheter is a rapidly growing residential property group with focus on efficient construction and long-term property management of mainly self-developed residential properties. As of 30 September 2019, the property portfolio consisted of 1,562 apartments under property management, 678 apartments under construction and 1,095 apartments under project development.
- The offering comprised 8,625,000 newly issued B-shares at a subscription price of SEK 105 per B-share corresponding to approximately SEK 906 million.
- The Second Swedish National Pension Fund, The Fourth Swedish National Pension Fund, Funds managed or advised by Capital Research and Management Company, Celox, Länsförsäkringar Fondförvaltning AB, SEB Investment Management, Swedbank Robur Funds, Handelsbanken Funds and Coeli Absolute European Equity were cornerstone investors and subscribed for approximately 47 percent of the offering.
- Trading on Nasdaq Stockholm commenced on 29 November 2019 under the symbol (ticker) KFAST B.
Carnegie acted as sole global co-ordinator and joint bookrunner in connection with the IPO.
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Corporate Finance – 5 Dec 2019

Carnegie Sole Global Co-ordinator and Joint Bookrunner in the IPO of Optomed
Optomed Plc one of the leading providers of handheld fundus cameras, was listed today and had its first day of trading on Nasdaq Helsinki.

The offering in brief
- The price per share in the offering was EUR 4.50, corresponding to a total value of the outstanding shares in Optomed upon the completion of the Offering of EUR 60 million
- The Offering comprised 6,147,019 shares of which 4,444,444 newly issued ordinary shares offered by the Company and 1,702,575 ordinary shares offered by the selling shareholders
- The number of shares in the Offering was increased, in accordance with the terms of the Offering, by 1,702,575 shares, corresponding to approximately 12.9 percent of the outstanding number of shares in the Company upon completion of the Offering
- In order to cover potential over-allotment in relation to the Offering, Halma Ventures Limited have undertaken, through an over-allotment option granted to Carnegie, to sell up to 922,052 additional existing shares in the Company (the “Over-Allotment Option”)
- Assuming that the Over-Allotment Option is exercised in full, the value of the Offering will amount to approximately EUR 32 million
- Trading in the Shares in Optomed on Nasdaq Helsinki commences today 5 December 2019 under the ticker “OPTOMED” and settlement will take place on 9 December 2019
Optomed in brief

Optomed is a Finnish medical technology company and one of the leading providers of non-mydriatic handheld fundus cameras. Optomed develops and commercializes modern, handheld and easy-to-use fundus cameras that are suitable for any clinic for diagnosing and tracking the progression of ocular diseases affecting the fundus, such as diabetic retinopathy, the leading cause of vision loss in working-age adults . Optomed combines handheld devices with screening software and automated grading capabilities through Artificial Intelligence with the aim to transform the diagnostic process of blinding eye-diseases. Optomed’s proprietary optical technology is protected by the Company’s 52 international patents. Optomed’s products are sold in more than 60 countries and its customers include international healthcare organizations, hospitals and global medical technology companies (OEMs) and distributors. The Company employs 105 professionals as at 30 September 2019, is headquartered in Finland and has a subsidiary in China. In 2018, Optomed’s revenue amounted to EUR 12.7 million and pro forma revenue, including the acquisition of Commit; Oy amounted to EUR 14.5 million

Carnegie acted as Sole Global Co-ordinator and Joint Bookrunner in connection with the transaction.
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Corporate Finance – 2 Dec 2019

Carnegie acted as joint bookrunner in the SEK 1.8 billion issuance of senior secured bonds by Cabonline Group Holding AB (publ)

The bonds were issued under a total framework of SEK 2,200 million and will have a 3-year tenor with floating interest rate of Stibor 3m + 7.50%. The issue proceeds will be used to refinance existing debt, including the outstanding SEK 1,550 million senior secured floating rate notes, as well as to finance general corporate purposes.

About Cabonline
Cabonline is the leading taxi company in the Nordic region with 3,000 connected taxi firms and approximately 5,700 vehicles in Sweden, Norway, Finland and Denmark. Cabonline contains a series of well-known brands, such as Flygtaxi, TaxiKurir, Norgestaxi, TOPCAB, Kovanen, Taxi Skåne, Taxi Väst, Umeå Taxi, Sverigetaxi and Taxi 4x27. Through Cabonline, taxi firms have access to attractive customer agreements, support from industry-leading technological development and utilization of economies of scale, efficient service and a shared infrastructure. The Group has revenue of approximately SEK 6.2 billion and performs about 50,000 journeys per day.

Carnegie acted as joint bookrunner in connection with the transaction.

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Corporate Finance – 6 Nov 2019

Carnegie acted as joint bookrunner in SEK 1.7bn Munters Placing

Nordic Capital has sold 40 million shares through an accelerated bookbuilding in Munters. The transaction was priced at SEK 43.50 per share and represented 21.8% of the total number of shares in the company.

Following the placing, Nordic Capital holds approximately 27m shares corresponding to 14.7% of the total number of shares and votes in Munters.

Nordic Capital has agreed to a lock-up period of 90 days in relation to its remaining shares in Munters.

Carnegie acted as joint bookrunner in connection with the placing.

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