Sdiptech AB (publ) has completed a private placement of shares through an accelerated book building procedure, performed by ABG Sundal Collier AB and Nordea Bank Abp branch in Sweden, providing the company with proceeds of approximately SEK 353 million before costs related to the transaction.
The transaction was significantly oversubscribed and involved both Swedish and international investors, including, among others: Invesco Asset Management, Danske Invest, Swedbank Robur Fonder and Handelsbanken Fonder, and several new investors.
Sdiptech is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency and air climate.
The transaction will broaden the ownership base and the proceeds will increase the financial flexibility for further acquisitions.
Baker McKenzie Advokatbyrå KB acted as legal advisor to Sdiptech. Baker McKenzie’s team consisted of Joakim Falkner, Johanna Flink and Ian Gulam. ABG Sundal Collier AB acted as Sole Global Coordinator and Joint Bookrunner and Nordea Bank Abp, branch in Sweden, acted as Joint Bookrunner in connection with the transaction .