Roschier represents SEB in connection with HMS Networks’ placement of shares raising proceeds of SEK 1.4 billion

Recent work|April 19, 2024

HMS Networks AB (publ) has completed a placement of shares through a directed issue to a number of Swedish and institutional investors, raising proceeds of SEK 1.4 billion. SEB is acting as Sole Global Coordinator and Bookrunner in connection with the transaction. Roschier is acting as legal advisor to SEB in connection with the transaction.

HMS Networks will use the proceeds to repay the bridge loan facility of USD 120 million used as part of the financing of the acquisition of Red Lion Controls and to secure an efficient capital structure. The subscription price was determined through an accelerated bookbuilding procedure carried out by SEB.

HMS Networks, listed on Nasdaq Stockholm Large Cap, is a market-leading provider of solutions in Industrial Information and Communication Technology (Industrial ICT) and employs over 1 200 people.

Roschier’s advisory team comprises Pontus Enquist, Miikka Kujanpää and Emil Larsson.