SpectrumOne’s Acquisition of 28% of The Shares in Eniro

Hannes Snellman advised SpectrumOne AB on the deal.

SpectrumOne AB, a technology company listed on Nasdaq First North Growth Market, announced its acquisition of 28% of the shares and votes in Eniro AB, a Nordic digital marketing and search service company listed on Nasdaq Stockholm.

The acquisition makes SpectrumOne the largest shareholder of Eniro. The acquisition comprised in aggregate 188,862,265 series A preference shares, corresponding to 28% of the outstanding shares and votes in Eniro, from sellers Theodor Jeansson, MGA Placeringar AB, Hajskäret Invest AB, Martin Bjäringer, Thomas Krishan, and Patrik Enblad.

The aggregate purchase price amounted to SEK 160 million, of which SEK 61 million was paid in cash and SEK 107 million in the form of vendor notes. For the purpose of the acquisition, SpectrumOne took out bridge loans in the amount of SEK 55 million. SpectrumOne intends to refinance the vendor notes and the bridge loans through a SEK 160 million new issue of shares with preferential rights for SpectrumOne’s shareholders.

Eniro AB is a Nordic tech company that helps small and medium-sized companies with digital marketing. Eniro also has a search service that aggregates, filters and presents information to help individuals find and come into contact with each other and with companies.

Hannes Snellman’s advisory team included Mattias Friberg (Picture), Khaled Talayhan, and Marc Tevell de Falck.

Involved fees earner: Mattias Friberg – Hannes Snellman; Khaled Talayhan – Hannes Snellman; Marc Tevell de Falck – Hannes Snellman;

Law Firms: Hannes Snellman;

Clients: SpectrumOne AB;