Roschier represented Nordea and Swedbank in ITAB’s SEK 867 million directed share issue
Recent work|September 27, 2024
ITAB Shop Concept AB (publ) has completed a directed share issue, raising proceeds of approximately SEK 867 million. Roschier acted as legal advisor to the Joint Global Coordinators and Joint Bookrunners Nordea Bank Abp, filial i Sverige and Swedbank AB (publ) in connection with the transaction.
The subscription price in the directed share issue was determined through an accelerated bookbuilding procedure, carried out by Nordea and Swedbank. Part of the directed share issue is subject to the subsequent approval of an Extraordinary General Meeting to be held on 21 October 2024.
The purpose of the directed share is to partly finance ITAB’s intended acquisition of Financière HMY, along with securing new long-term credit facilities. Financière HMY is a leading European supplier of shop fittings, checkouts and store design to the retail industry in mainly Europe, South America and the Middle East.
ITAB, listed on Nasdaq Stockholm, creates efficient retail solutions that deliver convenient and inspiring consumer experiences, offering consultative design services, customized interiors, checkout systems, consumer guidance solutions, professional lighting systems and interactive digital solutions for the physical store. Roschier’s advisory team comprised Pontus Enquist, Erik Ellenius and Louise Björnsson.