Milbank LLP and Gernandt & Danielsson advised Storskogen Group AB on the deal. White & Case LLP advised the banks involved in the transaction.
Storskogen Group AB announced its initial public offering and listing of its shares on Nasdaq Stockholm. The total value of the offering amounted to SEK 13.4 billion (US$ 1.5 billion), which represents the largest offering in Stockholm this year. The shares commenced trading on Nasdaq Stockholm on October 6, 2021.
Storskogen is a fast-growing owner of small and medium-sized enterprises within the business areas of industry, trade and services in the Nordic countries, DACH and the United Kingdom. At the end of the first half-year of 2021, Storskogen consisted of 94 business units with a total of approximately 7,000 employees and generated an Adjusted RTM EBITDA of SEK 2,601 million (US$ 296 million).
The Milbank team was led by Capital Markets partner David Dixter (Picture) and included Capital Markets associate Maria C. Schweinberger, Global Corporate associate Sarah Ullathorne and New York Tax partner Andrew Walker.
White & Case LLP has advised Carnegie Investment Bank AB, Goldman Sachs Bank Europe SE and J.P. Morgan AG as joint global coordinators, and BNP PARIBAS, Danske Bank A/S, Danmark, Sverige Filial, DNB Markets, part of DNB Bank ASA, Sweden Branch, Nordea Bank Abp, filial i Sverige, Skandinaviska Enskilda Banken AB and Swedbank AB as joint bookrunners. The White & Case team was led by partners Johan Thiman (Stockholm) and Mikko Hulkko (Helsinki) and included associates Thomas Killeen (Helsinki) Christoffer Nilmén and Izabella Barisa (both Stockholm).
Gernandt & Danielsson’s team was led by Partner Carl Westerberg, together with Senior Associates Gabriel Zsiga, Erika Olofsson and Ludvig Berglönn as well as Associates Josefine Jonsson Tepavac, Viktor Borg and Joel Ståhl.
Involved fees earner: Ludvig Berglönn – Gernandt & Danielsson Advokatbyrå KB; Viktor Borg – Gernandt & Danielsson Advokatbyrå KB; Carl Westerberg – Gernandt & Danielsson Advokatbyrå KB; Erika Olofsson – Gernandt & Danielsson Advokatbyrå KB; Joel Ståhl – Gernandt & Danielsson Advokatbyrå KB; Josefine Jonsson Tepavac – Gernandt & Danielsson Advokatbyrå KB; Gabriel Zsiga – Gernandt & Danielsson Advokatbyrå KB; David Dixter – Milbank LLP; Maria Schweinberger – Milbank LLP; Sarah Ullathorne – Milbank LLP; Andrew Walker – Milbank LLP; Izabella Barisa – White & Case; Mikko Hulkko – White & Case; Thomas Killeen – White & Case; Christoffer Nilmén – White & Case; Johan Thiman – White & Case;