Novedo’s SEK 150 Million Shares Private Placement

Gernandt & Danielsson has advised Novedo Holding AB on the deal.

Novedo Holding AB announced a private placement of shares in the company through a directed share issue of approx. SEK 150 million.

The shares were subscribed by institutional investors. The investment will be used by the company to support future growth through actively acquiring companies with driven entrepreneurs, strong market positions and solid financial track record.

Novedo is a privately owned group of companies. Since 2021 it acquires and develops businesses where the entrepreneurs want to sell them but still stay in charge. The ten Novedo companies have 650 employees and a turnover of SEK 1 billion.

The Gernandt & Danielsson’s team consisted of partners Mikael Borg and Gustav Skogö Nyvang (Picture) as well as senior associates Christopher Escalante and Simon Wetterholm.

Involved fees earner: Mikael Borg – Gernandt & Danielsson Advokatbyrå KB; Christopher Escalante – Gernandt & Danielsson Advokatbyrå KB; Gustav Skogö Nyvang – Gernandt & Danielsson Advokatbyrå KB; Simon Wetterholm – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Gernandt & Danielsson Advokatbyrå KB;

Clients: Novedo AB ;

Federica Tiefenthaler

Author: Federica Tiefenthaler