ABG Sundal Collier acted as Joint Global Coordinator and Joint Bookrunner in the SEK 506m directed share issue in Sdiptech

On Wednesday 16 November 2022, Sdiptech announced the successful completion of a directed share issue of 2.2 million B-shares at a price of SEK 230 per share, raising proceeds of SEK 506m. The directed share issue was heavily oversubscribed and attracted very strong interest from Swedish and international investors, including Skandia, Handelsbanken Fonder, Swedbank Robur Fonder and Cliens Kapitalförvaltning. The price was determined in an accelerated book building process and corresponds to a 6.9% discount versus the closing price on 16 November 2022.
The transaction builds on a long-term ABGSC relationship with Sdiptech, making the transaction the fourth successful placing in Sdiptech since 2020. The four placings consist of three directed share issues and one placing for Sdiptech’s former principal owner totalling approx. SEK 1.5bn.
The company intends to use the proceeds to provide Sdiptech with greater flexibility to execute on its strong near and medium-term M&A pipeline.