Vitec Software Group AB’s SEK 920 Million Shares Private Placement

Hannes Snellman advised Vitec Software Group AB on the deal. White & Case Advised Nordea and Skandinaviska Enskilda Banken.

The Nordic software company Vitec Software Group AB, listed on Nasdaq Stockholm, announced its directed issue and private placement of 2,000,000 new class B shares to professional and institutional investors.

The private placement was carried out through an accelerated book-building process, raising proceeds of SEK 920 million before transaction costs, and was significantly oversubscribed.

Nordea Bank Abp and Skandinaviska Enskilda Banken AB acted as joint global coordinators and joint bookrunners in the private placement.

Vitec Software Group develops and delivers standardised software for industry specific needs.

The Hannes Snellman’s advisory team comprised Mattias Friberg (Picture), Ola Åhman, Khaled Talayhan, Emma Greiff, and Marc Tevell de Falck.

The White & Case team that advised on the transaction was led by partner Rikard Stenberg (Stockholm), with support from partner Mikko Hulkko (Helsinki) and associates Christoffer Nilmén (Stockholm) and Benjamin Tuiskula (Helsinki)

Involved fees earner: Ola Åhman – Hannes Snellman; Mattias Friberg – Hannes Snellman; Emma Greiff – Hannes Snellman; Khaled Talayhan – Hannes Snellman; Marc Tevell de Falck – Hannes Snellman; Mikko Hulkko – White & Case; Christoffer Nilmén – White & Case; Rikard Stenberg – White & Case; Ben Tuiskula – White & Case;

Law Firms: Hannes Snellman; White & Case;

Clients: Nordea Bank AB; Skandinaviska Enskilda Banken AB; Vitec Software Group AB;

Federica Tiefenthaler

Author: Federica Tiefenthaler