ABG Sundal Collier acted as joint global coordinator and bookrunner in the capital raise of SEK 500 million in X Shore

X Shore, the Swedish brand driving the future of electric, connected and sustainable boating, today announced the successful completion of a capital raise of SEK 500 million. The financing round generated strong demand and included investments from new investors such as Peter Carlsson, founder and CEO of Northvolt and Hélène Barnekow, former CEO of Microsoft Sweden as well as existing shareholders including Peter Dahlberg, founder of Anicura.
X Shore plans to utilise the financing to support the company’s continued growth journey and production scale-up, including investments in the company’s production facility in Nyköping, as well as refunding of existing debt facilities.
This marks the second successful ABG Sundal Collier transaction for X Shore, having raised SEK 150 million for the company in a private placement in 2021.