ABGSC acted as sole global coordinator and bookrunner in the NOK 450m private placement in Zaptec AS and as Merkur Advisor in the subsequent listing on Merkur Market

On 30 September 2020, Zaptec AS (“Zaptec” or the “Company”) announced the successful placement of 40 million shares at a price of NOK 11.25 per share, corresponding to a total transaction size of NOK 450 million. The Private Placement raised NOK 236 million in gross proceeds to the Company the “Primary Offering”), and NOK 214 million to existing shareholders (the “Secondary Offering”, together the “Private Placement”). The corresponding equity valuation of the company was of approximately NOK 601 million on a pre-money basis and NOK 837 million on a post-money basis.
The Private Placement attracted very strong interest from Norwegian, Nordic and international high-quality institutional investors and was significantly oversubscribed. Five cornerstone investors subscribed for and were allocated shares for NOK 205 million: (i) DNB Asset Management, NOK 75 million; (ii) Swedbank Robur Fonder, NOK 50 million; (iii) Nordea Investment Management, NOK 30 million; (iv) Delphi Fondene, NOK 25 million; and (v) Pareto Asset Management, NOK 25 million.
The Company intends to use the net proceeds from the Primary Offering to invest in both organic and in-organic growth initiatives as well as further strengthening its technologic platform and general corporate purposes.
Zaptec has applied for, and will, subject to the necessary approvals from the Oslo Stock Exchange, list the shares of the Company on Merkur Market. The first day of trading on Merkur Market is expected to be on or about 6 October 2020.