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.
Katarina Janerud, Communication Manager
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
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.