Mercell in a $88 million deal before listing at Merkur Market
23 June 2020
Mercell, an Oslo, Norway-based company providing software for electronic submission of public tenders, announced getting into an NOK 850M financial transaction.
The deal involves a new capital issue of SEK 450 million ($46.4M) and a secondary transaction of SEK 400 million. The price per share is set at NOK 6.75, and the company values the company before the issue at SEK 1.51 billion.
The issue includes four anchor investors - two from Sweden, Swedbank Robur Fonder and Tin Fonder, which have subscribed to buy shares for NOK 100 and 60 million respectively. Tin Fonder is led by Carl Armfelt and Eric Sprinchorn with previous background at Swedbank Robur Ny Teknik.
Luxor Capital Group (USA) and DNB Asset Management (Norway) were the biggest contributors to the deal, with NOK 200M and 140 respectively.
The first trading day at Merkur Market is expected to happen during the week starting July 6, as long as Mercell gets the necessary approvals from Oslo Stock Exchange.
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