Aker Horizons’ Listing on Euronext Growth

BAHR has assisted Aker Horizons AS on the deal.

The Norwegian company raises more than half a billion euros through a private placement and a convertible bond issuance.

Aker Horizons AS announced a NOK 4.16 billion equity raise, a NOK 1.5 billion convertible bond issue, and subsequent listing of the company’s shares on Euronext Growth taking place on February 1. The capital raise was multiple times oversubscribed and was carried out mainly for the purpose of financing the acquisition of Mainstream Renewable Power, which is expected to be completed in Q2 2021.

Aker Horizons was originally established as a platform for Aker ASA’s investments in companies within renewable energy and low-carbon solutions. Aker Horizons investments currently comprise of a 51% ownership in each of Aker Carbon Capture and Aker Offshore Wind, in addition to a 24.7% industrial holding in REC Silicon ASA.

Aker Horizons is taking an active role to develop and operate in broader and rapidly growing renewable energy and low carbon technology segments. Aker Horizons is set up as a wholly-owned entity of Aker ASA, consisting of a dedicated team working to build leading companies that can meaningfully reduce CO2 emissions while providing substantial value creation over time.

The BAHR team has been led by Jon Christian Thaulow (Picture), Arne Tjaum and Camilla Iversen.

Involved fees earner: Camilla Iversen – BAHR SA; Jon Christian Thaulow – BAHR SA; Arne Tjaum – BAHR SA;

Law Firms: BAHR SA;

Clients: Aker Horizons AS;