Storytel has completed a private placement of 3,000,000 B shares giving the company issue proceeds of SEK 202,500,000 before issue costs. The proceeds will be used for Storytel’s expansion strategy, e.g. consisting of geographical growth and acquisitions.
Approximately 40 Swedish and international institutions have acquired shares in the transaction.
ABG Sundal Collier and Carnegie Investment Bank are bookrunners and Baker McKenzie is legal advisor in the transaction. Tobias Edenman, Joakim Falkner and Ian Gulam were the lawyers working on the deal from Baker McKenzie.