Cirio has advised SaveLend Group AB on the deal.
SaveLend Group AB announced its initial public offering of shares, a directed share issue to the board and management and the listing of the company’s shares on Nasdaq First North Growth Market. The share issues comprise a total of 6,700,000 new shares in the company at a price of SEK 7.50 per share, which gives the company gross proceeds of SEK 50.25 million.
A prospectus was published on 12 May 2021 in connection with SaveLend Group’s listing on Nasdaq First North Growth Market. The first day of trading is scheduled for 9 June 2021, under the ticker “YIELD”.
SaveLend Group is a fintech company with just under 50 employees in three offices located in Sweden, Finland and Poland. The company’s business is primarily run on the investment platform SaveLend and the invoicing platform Billecta. The investment platform enables different investors to gain exposure to different forms of credit, such as corporate and consumer credit and invoice purchases. The invoicing platform consists of a complete invoicing system, containing, among other things, accounts receivable, payment notifications and financing solutions.
The Cirio team was headed by Maria Arnoldsson (Picture – Capital Markets and Public M&A) and Anders Moberg (Mergers & Acquisitions), together with Tim Johansson, Jessika Lagebro, Fredrik Eliasson, Niklas Sinander and Oskar Torstensson.
Involved fees earner: Maria Arnoldsson – Cirio Law Firm; Fredrik Eliasson – Cirio Law Firm; Tim Johansson – Cirio Law Firm; Jessika Lagebro – Cirio Law Firm; Anders Moberg – Cirio Law Firm; Niklas Sinander – Cirio Law Firm; Oskar Torstensson – Cirio Law Firm;
Law Firms: Cirio Law Firm;
Clients: SaveLend Group ;