Setterwalls has assisted Better Collective together with the company’s Danish legal counsel, Bruun & Hjejle Advokatpartnerselskab. Vinge advised Morgan Stanley & Co. International plc and Nordea Corporate Finance & ECM, part of Nordea Danmark, Filial af Nordea Bank Abp, Finland which are acting as Global Coordinators and Bookrunners.
Better Collective A/S, a global sports betting media group with a leading position in the US in light of the recently announced acquisition of Action Network Inc., has executed a directed share issue of 6.9 million shares at a price of SEK 218 per share.
The transaction will raise proceeds to Better Collective of SEK 1.5 billion before transaction costs. The transaction was oversubscribed due to high demand from international institutional and other professional investors. Better Collective will used the proceeds towards the purchase consideration for acquiring Action Network Inc.
Better Collective is the leading developer of educational platforms within the iGaming industry.
The Setterwalls team included Ola Grahn (Picture) and Alex Källberg.
The Vinge team included David Andersson, Erik Sjöman, William Kåge and Amanda M Johansson.