Permascand Top Holding AB has carried out a private placement of shares that raised gross proceeds of approximately SEK 300 million. Subsequently, the shares have been listed on Nasdaq First North Premier Growth Market, with 4 June 2021 as first day of trading.
Permascand is an independent technology-driven manufacturer of electrochemical solutions based on proprietary catalytic coatings for cleantech applications. The company currently operates in three business segments: Industrial Solutions, Water Treatment and Electrification & Renewables.
ABG Sundal and Carnegie acted as Joint Global Coordinators and Joint Bookrunners. Baker McKenzie acted as legal advisor to Permascand and its principal shareholder, Norvestor, with a team consisting of Henric Roth, Anders Fast, Johanna Flink, Stefan Balazs, Marlene Wiklund, Joakim Falkner, Ian Gulam, Olof Larsson and Sophie Gidlund from the Stockholm office, and Adam Farlow and Megan Schellinger from the London office.