ABGSC acted as Joint Global Coordinator, Joint Bookrunner and Euronext Growth Advisor in the NOK 3,480 million private placement in Meltwater BV and subsequent listing on Euronext Growth

Meltwater BV (“Meltwater” or the “Company”) announced on Wednesday 2 December 2020 the successful placement of 80,000,000 shares at a price of NOK 43.50 per share for a total transaction size of approx. NOK 3,480 million (the “Private Placement”). The Private Placement raised gross proceeds to the Company of approx. NOK 2,300 million and NOK 1,185 million in proceeds to certain existing selling shareholders. Based on the offer price, the post-money equity value is approx. NOK 13.7 billion on a fully diluted basis.
The Private Placement, which attracted strong interest from Norwegian, Nordic and international high-quality institutional investors, was significantly oversubscribed and included cornerstone investments from The Government Pension Fund of Norway, Folketrygdfondet, Handelsbanken Fonder and TIN Fonder.
The net proceeds will be used to strengthen the Company’s organic and inorganic revenue growth capabilities, and in part be used to repay outstanding debt and cash settlement of certain vested options and buy-back of certain employee-held stocks.
The first day of trading on Euronext Growth Oslo will be Thursday 3 December 2020 under the trading symbol “MWTR” (subject to the necessary approvals from the Oslo Stock Exchange).