Sale of shares in Thule Group


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Press release, June 10, 2015


Nordic Capital Fund VI 1) and Nordic Capital Fund VII 2) (together “Nordic Capital” or the “Shareholder”) have sold 20,000,000 shares in Thule Group AB (publ) (“Thule Group” or the “Company”), representing 20.0 percent of the total number of shares in Thule Group in an accelerated book-building process at a price of SEK 98 per share (the “Placing”). The interest from investors was very strong and in order to meet demand the initial deal size was increased from c. 15 million shares to 20 million shares.

The Placing will contribute to an increased liquidity and free float in the Thule Group share. After the Placing, Nordic Capital owns 44,282,225 shares, representing 44.3 percent of the total number of shares in the Company.

Nordic Capital remains as Thule Group’s largest shareholder and will continue to have representatives on the Board of Directors of Thule Group and actively participate to contribute to the Company’s long-term strategy.

In line with market practice, the Shareholder has agreed to a 90 days lock-up on the remaining shares held in Thule Group.

Goldman Sachs International and Nordea acted as Joint Bookrunners in connection with the Placing.

Contact information:

Nordic Capital
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
e-mail: katarina.janerud@nordiccapital.com

1) Nordic Capital VI Limited, acting in its capacity as General Partner of Nordic Capital VI Alpha, L.P. and Nordic Capital VI Beta, L.P., together with any associated co-investment vehicles.

2) Nordic Capital VII Limited, acting in its capacity as General Partner of Nordic Capital VII Alpha, L.P. and Nordic Capital VII Beta, L.P., together with any associated co-investment vehicles.

About Us

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 11 bn through eight funds. The Nordic Capital Funds are based in Jersey and are advised by six advisory companies, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see: www.nordiccapital.com

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