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FrontOffice signs 52mSEK investment agreement with GEM Global Yield Fund

FrontOffice Nordic AB (publ) (”FrontOffice”) and GEM Global Yield Fund LLC SCS (”GEM”) have entered into an investment agreement under which GEM, at FrontOffice’s request, commits to invest maximum 52mSEK in FrontOffice during a period of 36 months.”While the macro trends in the Swedish economy are trembling and causing an increased rate of bankruptcies, we are able to secure a financing solution through the agreement with GEM that enable us to get engaged in both more and bigger investments and at the same time securing working capital. This is something we have worked hard towards since

FrontOffice signs investment credit facility for fintech investment of SEK 20 million

FrontOffice Nordic AB (publ) (”FrontOffice”) has signed an investment credit facility of SEK 20 million, reserved to develop both existing holdings and continued investments within fintech. The credit has unilateral conversion rights for FrontOffice.The investment credit is provided by FTCS Intressenter AB and provides FrontOffice with an unsecured credit of up to 20 MSEK over a three-year period to an annual interest rate of 8 % on long-term credit. The investment credit also provides FrontOffice with a one-sided right to convert, on one or more occasions, the outstanding amount of loan

Quickbit repays bridge financing and adds new CEO

The 16th of February, FrontOffice Nordic AB (publ) (”FrontOffice”) supported Quickbit eu AB (publ) (”Quickbit”) with a bridge financing loan of 1 MSEK in front of coming IPO. The loan has now been fully repaid, including interest.”Quickbit works fully in preparing its IPO, which of course also includes raise of capital. This has enabled that they now can repay its loan and continue towards their IPO.” says Johan Lund, CEO FrontOffice. Quickbit announced also today that their Senior Advisor, Jörgen Eriksson, take over the role as CEO after Reinhold Konnander. Konnander will however remain

FrontOffice wholly owned subsidiary Svensk Företagsrekonstruktion have received two new customer orders within the manufacturing industry

FrontOffice Nordic AB (publ) (“FrontOffice”) wholly owned subsidiary Svensk Företagsrekonstruktion, have won two new customer orders corresponding to an order value of approx. 500 000 SEK.Svensk Företagsrekonstruktion is a wholly owned subsidiary to FrontOffice who helps companies in temporary financial difficulties to avoid bankruptcy. During the summer they have received the assignment to, through corporate restructuring, help two companies within the manufacturing industry. “We see an increased inflow of potential customers and especially within construction, restaurants, retail, but

FrontOffice makes investment in rapid growing Samtrygg

FrontOffice Nordic AB (publ) (”FrontOffice”) have acquired 645 000 B shares in Samtrygg Group AB (publ) (“Samtrygg”). FrontOffice acquired the shares from existing shareholders to the share price of 2.80 SEK, which corresponds to a total investment of 1.806 MSEK. The acquisition is purchased by a direct issue of 516 000 B shares to the share price 3.50 SEK.Samtrygg is a Fintech company within the property sector, listed at the NGM Nordic MTF. They provide a self-developed digital marketplace to ensure a safe subleasing. Since the start in 2013, they have provided thousands of housings all

FrontOffice increases its holdings in Quickbit eu AB (publ)

FrontOffice Nordic AB (publ) (”FrontOffice”) has acquired 2 000 000 shares in Quickbit eu AB (publ) (”Quickbit”) before Quickbit’s planned IPO. FrontOffice acquired the shares from existing shareholders at the price 2,40 SEK/share, which corresponds to a total investment of 4,8 MSEK. The acquisition was purchased through a share issue of 1 371 428 B shares to 3,50 SEK.The board of Directors in FrontOffice have, with support from its authorization from its AGM which took place at the 15th of May 2018, decided about an offset issue with deviation from the shareholders precedence to regulate

FrontOffice Nordic AB: Förmedlar brygglån till PolyPlank AB (publ)

FrontOffice Nordic AB (publ) har engagerats av PolyPlank AB (publ) att syndikera ett lån på 3 MSEKPolyplank har genomfört en framgångsrik rekonstruktion och behöver nu ytterligare medel för att genomföra ett antal effektiviserande åtgärder samt genomföra satsningar på ökad försäljning och produktion. För att tillföra medel på ett för Polyplank snabbt och ändamålsenligt sätt så har Bolaget anlitat FrontOffice som har erbjudit sig att förmedla ett brygglån om 3 MSEK. “Vi är glada över att Polyplank vänder sig till oss i finansieringsfrågor. Detta visar att FrontOffice är en naturlig

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