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ABG Sundal Collier acted as sole financial advisor to Nordic Capital in connection with the sale of Ellos Group to FNG

ABG Sundal Collier acted as sole financial advisor to Nordic Capital in connection with the sale of Ellos Group to FNG

ABG Sundal Collier acted as sole financial advisor to Nordic Capital in connection with the sale of Ellos Group to FNG. The transaction will partly be financed by a fully underwritten SEK 1,500m senior secured bond for which ABG Sundal Collier is acting as sole manager and bookrunner.

On 4 July, FNG entered into an agreement to acquire all shares in Ellos Group from Nordic Capital, creating a sizeable player in European omni-channel retail with significant and tangible synergy potential in the medium term. Ellos Group is an e-commerce leader in fashion and home furnishings in the Nordic region, with the strong brands Ellos, Jotex, Stayhard and Homeroom. The purchase price amounts to approximately SEK 2,400 million on a cash and debt free basis. Nordic Capital will become a significant minority shareholder in FNG following completion of the transaction.