ABG Sundal Collier acted as sole financial advisor in connection with the NOK 350m private placement in Sterner Group AS

On Tuesday 28 June 2022, Sterner Group AS (“Sterner Group” or “the Company”) announced the successful private placement of NOK 350m. The private placement raised gross proceeds to the Company of approx. NOK 170m and NOK 180m to certain existing selling shareholders.
Erich Erber, an Austrian entrepreneur with strong experience in scaling businesses internationally, subscribed for all shares in the placement. Following the transaction, Erber will be the largest shareholder in Sterner Group, holding 49% of the company, implying a post-money valuation of NOK 720m.
Sterner is a leading company within water treatment systems in Norway and delivers equipment and complete systems within four segments: drinking water, wastewater treatment, maritime (primarily deliveries for wellboats) and aquaculture (primarily deliveries of/to RAS systems). The aquaculture segment is the largest of the four, accounting for approximately ~75% of revenues. The company has over the recent years focused on expansion of the business and has delivered strong backlog growth.