Sentica Partners have sold all of their 4,020,618 shares in Kotipizza Group Plc Oyj in an accelerated book-building process, corresponding to approximately 63.3 percent of all the shares and votes. The sale price was EUR 9.50 per share and the gross sales proceeds amounted to approximately EUR 38 million. Sentica Partners listed the company on Nasdaq Helsinki Exchange in June 2015 and has been a shareholder in Kotipizza since 2011.
Kotipizza is a Finnish pizza chain founded in 1987. At the end of financial year 2015, the number of restaurants stood at 257 restaurants. In 2015, the sales of Kotipizza restaurants were EUR 77.3 million. Kotipizza Group net sales were EUR 56.4 million for the financial year 2015 with a comparable EBITDA of EUR 5.03 million respectively.
Carnegie acted as Joint Lead Manager in the transaction.