Goodwin Procter and Vinge advised Byggfakta Group on the deal, while White & Case advised the underwriters.
Byggfakta Group HQ AB announced a Swedish public offering with an accompanying Rule 144A placement to U.S. Qualified Institutional Buyers. Byggfakta Group began trading its shares on Nasdaq Stockholm on October 15, 2021. The offering consisted of both new shares issued by Byggfakta Group and existing shares in the company offered by the selling shareholders.
Byggfakta Group’s principal shareholders, SSCP Bygger Holdings S.C.A and Bock Capital EU Luxembourg Tricycle S.á.r.l., indirectly controlled by Stirling Square Capital Partners and TA Associates, respectively, together with the Byggfakta Group’s board and management, believe that a listing of the company’s shares on Nasdaq Stockholm is an important stage in the development of the company. The IPO will also provide Byggfakta with access to the Swedish and international capital markets and enable a continued active M&A agenda.
Carnegie Investment Bank AB (publ), Jefferies GmbH and Jefferies International Limited acted as joint global coordinators, with Barclays Bank Ireland PLC, Danske Bank A/S, Danmark, Sverige Filial and DNB Markets, a part of DNB Bank ASA, Sweden Branch acting as joint bookrunners.
Byggfakta Group, headquartered in Ljusdal, Sweden, with origins dating back to 1936, is a leading digital platform providing solutions connecting construction value-chain participants, maximizing sales and improving efficiency for its customers. The company has approximately 43,000 existing customers, 1,056,000 active construction projects, over 160,000 building products on the platform, and more than 137,000 tenders launched per year, creating a highly defensible position across its core geographies including the Nordics (Sweden, Finland, Denmark and Norway), the UK, Portugal, Spain, Switzerland, Australia, New Zealand, Asia and the US.
The Goodwin cross-border team was led by Markus Bauman (Picture), Stuart Ogg, Carl Bradshaw, Kristopher Brown, Hugh O’Sullivan, Howard Cubell, Ken Gordon, Yana Shneyderman, Inbar Rauchwerger, Angus Simpson, Charles Elsom, Charlie Lord, Harry Ghillemyn and Nadim Islam. Advokatfirman Vinge AB acted for the Issuer with regard to Swedish law.
The White & Case team that advised on the transaction was led by partner Rikard Stenberg (Stockholm) and included partner Mikko Hulkko (Helsinki) and associates, Christoffer Nilmén, Izabella Barisa (both Stockholm) and Thomas Killeen (Helsinki).
The Vinge’s team primarily consisted of Anders Strid, Rikard Lindahl, Edin Agic, Lina André, Linus Adolfsson, David Bokliden, Adrian Filipovic and Jacob Benzow (Capital Markets and Public M&A), Magnus Pauli (M&A), Albert Wållgren, Linn Adelwald, Ludvig Wettergren (Banking and Finance), Maria Schultzberg, Victor Ericsson and Emelie Svanberg (Tax), Anna-Maria Lagerqvist Gahm, Anna Högsten and Stina Karinsdotter (IP/IT), Rebecka Hansson (Employment) and Viktoria Owetz Leyva and Nathalie Hughes (VDR).
Involved fees earner: Markus Bauman – Goodwin Procter; Carl Bradshaw – Goodwin Procter; Kristopher Brown – Goodwin Procter; Howard Cubell – Goodwin Procter; Charles Elsom – Goodwin Procter; Harry Ghillemyn – Goodwin Procter; Kenneth Gordon – Goodwin Procter; Nadim Islam – Goodwin Procter; Charlie Lord – Goodwin Procter; Stuart Ogg – Goodwin Procter; Hugh O’Sullivan – Goodwin Procter; Inbar Rauchwerger – Goodwin Procter; Angus Simpson – Goodwin Procter; Linn Adelwald – Vinge; Linus Adolfsson – Vinge; Edin Agic – Vinge; Lina André – Vinge; Jacob Benzow – Vinge; David Bokliden – Vinge; Victor Ericsson – Vinge; Adrian Filipovic – Vinge; Rebecka Hansson – Vinge; Anna Högsten – Vinge; Stina Karinsdotter – Vinge; Anna Maria Lagerqvist Gahm – Vinge; Rikard Lindahl – Vinge; Magnus Pauli – Vinge; Maria Schultzberg – Vinge; Anders Strid – Vinge; Emelie Svanberg – Vinge; Albert Wållgren – Vinge; Ludvig Wettergren – Vinge; Izabella Barisa – White & Case; Mikko Hulkko – White & Case; Thomas Killeen – White & Case; Christoffer Nilmén – White & Case; Rikard Stenberg – White & Case;