Cidron Disco S.à r.l, a company ultimately owned by Nordic Capital Fund VII, together with associated co-investment vehicles has sold part of its shares in Tokmanni Group Plc in an accelerated book-building process. Nordic Capital sold 9,000,000 shares in the Company, corresponding to approximately 15.29 percent of all shares and votes in Tokmanni. Cidron sold more shares than originally planned due to high demand. The upsized transaction was several times oversubscribed. The sale price in the Share Sale was EUR 9.00 per share and the gross sales proceeds of the Share Sale amounted to approximately EUR 81.0 million. After the Share Sale, Cidron owns 8,952,301 shares in the Company.
In connection with the Share Sale, Nordic Capital has entered into a lock-up undertaking, under which it has, subject to certain exceptions, agreed not to sell any shares in Tokmanni Group for a period ending April 26, 2017.
Carnegie Investment Bank AB acted as Joint Lead Manager in the Share Sale.