Recent work | February 15, 2023
Roschier advises Pareto Securities in the largest high yield bond issue ever made in the Nordics
CVC Capital Partners Fund VIII has acquired a majority of the shares in Danish logistics company Scan Global Logistics from private equity company AEA. The acquisition was facilitated through a bond issue of EUR 750 million senior secured bond, with investment bank Pareto Securities solely responsible for the bond issue. Roschier advises Pareto in the transaction.
The transaction generated strong demand from both existing and new investors, ultimately resulting in oversubscription. The settlement of the new bonds, including the exchange bonds, is expected to take place on 2 March 2023.
“This is a landmark transaction for the Nordic market and shows that the Swedish process and Swedish law work well for major financings and also attract larger international investors. We look forward to the continuing development of the market,” says Johan Häger, Head of Roschier’s Finance & Restructuring practice.
Roschier’s main advisory team comprised Johan Häger, Niklas Eriksson, Marcus Kern Fahlander and Sebastian Söderlund.