White & Case advised Norva24 Group AB, while Baker McKenzie acted as legal advisor to the Joint Bookrunners.
Norva24 Group’s shares started trading on Nasdaq Stockholm. The price in the offering was SEK 36 per share, corresponding to a total market value of the company of approximately SEK 6.9 billion.
Norva24 is the market leader within the fragmented Northern European Underground Infrastructure Maintenance (UIM) services market.
Carnegie and Citigroup acted as Joint Global Coordinators and Joint Bookrunners. Danske Bank, DNB Markets and SEB acted as Joint Bookrunners.
The Baker McKenzie team consisted of Henric Roth (Picture), Joakim Falkner, Per Blom, Linnea Back, Marlene Wiklund and Sophie Gidlund in Stockholm, Megan Schellinger and Charles Farnsworth in London as well as Paul DePasquale and Jayshree Narendran in New York.
The White & Case team which advised on the transaction was led by partners Shoan Panahi, Johan Thiman (both Stockholm) and Mikko Hulkko (Helsinki) and included partners Carl Hugo Parment (Stockholm) and Tomislav Vrabec (Frankfurt), counsel Peter Svanqvist (Stockholm) and associates Sebastian Wallin, Gustaf Wiklund, Anders Westling (all Stockholm), Thomas Killeen (Helsinki), Jonas Johansson, Marcus Halling, Christoffer Nilmén, Karl Nordlin, Daniel Agnemyr, Izabella Barisa, Monica Ericson, Louise Nässén (all Stockholm) and Paul Kohlhaas (Frankfurt).
Involved fees earner: Linnéa Back – Baker McKenzie; Per Blom – Baker McKenzie; Paul DePasquale – Baker McKenzie; Joakim Falkner – Baker McKenzie; Charles Farnsworth – Baker McKenzie; Sophie Gidlund – Baker McKenzie; Jayshree Narendran – Baker McKenzie; Henric Roth – Baker McKenzie; Megan Schellinger – Baker McKenzie; Marlene Wiklund – Baker McKenzie; Daniel Agnemyr – White & Case; Izabella Barisa – White & Case; Monica Ericson – White & Case; Marcus Halling – White & Case; Mikko Hulkko – White & Case; Jonas Johansson – White & Case; Thomas Killeen – White & Case; Paul Kohlhaas – White & Case; Louise Nässen – White & Case; Christoffer Nilmén – White & Case; Karl Nordlin – White & Case; Shoan Panahi – White & Case; Carl Hugo Parment – White & Case; Peter Svanqvist – White & Case; Johan Thiman – White & Case; Tomislav Vrabec – White & Case; Sebastian Wallin – White & Case; Anders Westling – White & Case; Gustaf Wiklund – White & Case;