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VINGE ADVISES ACTIC GROUP AB (PUBL) IN CONNECTION WITH ITS LISTING ON NASDAQ STOCKHOLM

10 Apr 2017

Vinge has advised Actic Group AB (publ) (“Actic”) in connection with its listing on Nasdaq Stockholm. The prospectus was published on 28 March 2017 and the first day of trading on Nasdaq Stockholm was 7 April 2017. The price in the offering was SEK 50.50 per share, corresponding to a market value of Actic of approximately SEK 800 million. The offering comprised 8,613,860 shares, of which 5,346,534 shares were newly issued shares and 3,267,326 were existing shares offered by the selling shareholder Actic International S.à r.l., which is owned by the IK 2007 Fund. The total value of the offering amounted to approximately SEK 500 million assuming that the over-allotment option is fully exercised.

Actic is a Northern European health and fitness club operator with a focus on the markets Sweden, Norway and Germany, and with a presence in Finland and Austria. As of 31 December 2016, Actic had approximately 211,000 members allocated on 166 facilities in five different countries and around 700 employees. In 2016, Actic’s total sales amounted to approximately SEK 800 million. The company was founded in 1981 and its head office is located in Solna, Sweden.

Vinge’s team primarily consisted of Jonas Bergström, Jesper Schönbeck, David Andersson, Joel Wahlberg, Annika Nyberg Ekenberg and Christian Brelin. Linda Sengul, Johanna Wiberg and Marith Welin-Berger advised on due diligence. Louise Brorsson Salomon, Helena Håkansson and Adam Sandberg advised on financing issues.

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Finance & Banking
News Category
M&A
Banking & Finance