Vitec Software Group AB (publ) has resolved on a directed new share issue which will provide the company approximately SEK 197.5 million before issue costs.
 
Vitec is market leader for Vertical Market Software in the Nordic region. The company intends to use the proceeds from the directed new share issue to finance acquisitions of companies, product rights, or other objects that complement the business, and enable a higher investment pace.
 
Handelsbanken Capital Markets has been appointed as Sole Lead Manager and Bookrunner and Baker McKenzie acts as legal advisor in the directed new share issue. Baker McKenzie's team mainly consist of Joakim Falkner and Ian Gulam.
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