ABG Sundal Collier acted as joint bookrunner in the SEK 304m secondary placing in Oscar Properties

Deal announcement

Oscar Engelbert (“the Main owner”) has sold 3,750,000 common shares in Oscar Properties Holding AB (“Oscar Properties” or the “Company”), representing approximately 12.4 percent of the total number of shares of Oscar Properties and 13.0 percent of the total number of votes in Oscar Properties in an accelerated bookbuilding process. The transaction was priced of SEK 81.0 per share (“the Placement”). There was strong interest from both Swedish and international investors and the Placement was several times oversubscribed. Kvalitena AB (publ) subscribed for a large part of the Placement.
After the Placement the Main owner will own 12,092,482 common shares and 81,761 preferred shares of Oscar Properties, representing approximately 40.1 percent of the total shares of the Company and 42.1 percent of the total votes in the Company.
Oscar Engelbert remains as Oscar Properties’ largest shareholder.

About Oscar Properties

Oscar properties is a developer of highly acclaimed residential new build and conversion projects. Its product portfolio consists of 2,630 homes including 843 currently in production. Oscar Properties acquire, develop and market properties in attractive locations in Stockholm with the long-term strategy of being active in property management, conversion and new builds. In 2015, Oscar Properties had revenues of SEK 1.2 billion and employed 80 people working with design, architecture, construction, selling and finance in development processes.