ABGSC acted as Sole Global Coordinator and Joint Bookrunner in the NOK 750 million private placement in Integrated Wind Solutions AS and subsequent listing on Euronext Growth

Integrated Wind Solutions AS (“the Company”) announced on Monday 22 March 2021 the successful placement of 18,750,000 shares at a price of NOK 40.00 per share for a total transaction size of NOK 750 million (the “Private Placement”). The offer price implies a post-money equity value of NOK 750 million. The net proceeds to the Company will be used to finance instalments for the Company’s vessels, potential acquisition opportunities, as well as for general corporate purposes.
Integrated Wind Solutions aims to be a leading offshore wind service provider by integrating Service Operation Vessels (“SOVs”) with engineering and manpower services in the windfarm’s construction and operations phase. The Company is positioned for the strong expected growth in offshore wind and has entered into two newbuild construction contracts for Wind Farm SOVs with delivery in 2023, in addition to options to acquire an additional four vessels.
Integrated Wind Solutions has applied for, and will, subject to the necessary approvals from the Oslo Stock Exchange, list its shares on Euronext Growth. The first day of trading on Euronext Growth is expected to be on or about 25 March 2021, and the Company will trade under the ticker code IWS.