Vinge advised Embellence Group AB on the deal, while Baker McKenzie acted as legal advisor to Handelsbanken Capital Markets.
Embellence Group AB, a leading House of Brands in interior decoration, with a focus on premium brands within wallpaper, textile, rugs and other interior decoration, announced the outcome of the initial public offering of its shares on Nasdaq First North Premier Growth Market. The Offering attracted strong interest from Swedish and international institutional investors as well as the general public in Sweden and the Offering was oversubscribed.
The offering price was SEK 42, corresponding to a market value of Embellence Group of approximately SEK 900 million. The offering comprised approximately 10.8 million shares, corresponding to a value of approximately SEK 454 million, provided that the overallotment option is exercised in its entirety.
Embellence Group, founded in 1905 in Borås, Sweden, is a leding European company in interior decoration, with a focus on premium brands within wallpaper, textile, rugs and other interior decoration with sales in over 90 countries. The company’s brand portfolio includes Cole & Son, Wall&decò, Perswall, Pappelina and Boråstapeter.
Vinge’s team mainly consisted of Johan Winnerblad (Picture), Jesper Schönbeck, Rikard Lindahl, Joel Magnusson, Linnea Petersson and Louise Brorsson Salomon, Pauline Lagerstrand and Rebecka Målquist regarding financing matters and Mattias Schömer and Henrik Wastenson regarding tax matters.
The Baker McKenzie team included Joakim Falkner, Stefan Balazs and Marlene Wiklund.
Involved fees earner: Stefan Balazs – Baker McKenzie; Joakim Falkner – Baker McKenzie; Marlene Wiklund – Baker McKenzie; Pauline Lagerstrand – Vinge; Rikard Lindahl – Vinge; Joel Magnusson – Vinge; Rebecka Målquist – Vinge; Linnea Petersson – Vinge; Louise Brorsson Salomon – Vinge; Mattias Schömer – Vinge; Jesper Schönbeck – Vinge; Henrik Wastenson – Vinge; Johan Winnerblad – Vinge;