Carnegie sole global co-ordinator and joint bookrunner in the IPO of Nimbus Group

Nimbus Group AB (publ) (“Nimbus Group” or the “Company”), a leading boat producer in the European market, announces the outcome of the Initial Public Offering of the Company’s shares (the “Offering”) in connection with the listing of the shares on Nasdaq First North Growth Market. The Offering attracted very strong interest from Swedish and international institutions and the general public in Sweden, Norway and Finland. The Offering was oversubscribed multiple times. Trading on Nasdaq First North Growth Market commenced on 9 February 2021.

About Nimbus Group

Nimbus was originally founded in 1968 when production of leisure powerboats under the brand Nimbus started. Since then, several brands have been added to the portfolio of what today is the Nimbus Group. Nimbus Group today comprises the brands Alukin, Aquador, Bella, Falcon, Flipper, Nimbus and Paragon Yachts. The Principal Shareholder, R12 Kapital, acquired the majority of the shares in Nimbus Group in 2012, and Nimbus Group is today a leading boat manufacturer in the European market and has since 2017 started to expand in the American market. Nimbus Group’s business model is to, through its different brands, offer a broad range of high-quality powerboats were each brand has its distinct target group.

From 2014 to 2019, Nimbus Group’s net sales increased from SEK 197 million to SEK 930 million. The growth has been driven organically as well as through acquisitions of both distributors and producers. In 2018, Nimbus Group acquired boat producers Alukin Boats Sweden AB and Bella-Veneet Oy (including the brands Aquador, Flipper, Falcon and Bella). During the nine-month period ending 30 September 2020, Nimbus Group’s net sales amounted to SEK 830 million with an EBITA of SEK 62 million, corresponding to an EBITA margin of 7.4 percent.

Carnegie acted as sole global co-ordinator and joint bookrunner in connection with the IPO.