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Go North Group AB (Publ) announces its first reported profitable quarter, contributing a positive EBITA of KSEK 871 in Q4, 2022

Go North Group AB (publ) AB, 559252-2188 Go North is positioned to become the global leader in the Amazon Marketplace category. Every fundraising round during 2022 has been oversubscribed (both equity and debt) and we see continuous strong interest from new potential investors. With aggregators struggling, less competition in the market, and decreasing acquisition multiples, we believe we can continue cherry picking the very best assets to be acquired at low prices. During 2022 Go North’s internal organization matured, with in-house capabilities in place across the main growth levers and

Go North Group AB (publ) announces its intention to voluntarily redeem its outstanding secured bonds due 2025

Go North Group AB (publ) (the "Company") announces its intention to exercise its right to make an early redemption of its outstanding bonds maturing in July 2025 (ISIN: SE0018040867) (the "Outstanding Bonds"), in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Outstanding Bonds. The redemption date will be 3 March 2023 (the "Redemption Date") and the redemption amount for each Outstanding Bond shall be the applicable call option amount (being 102.00 per cent. of the nominal amount of the Outstanding Bonds), plus accrued but unpaid

Go North Group AB (publ) has successfully placed SEK 550 million equivalent of senior secured floating rate bonds

Go North Group AB (publ) (“Go North” or the “Company”) has, following a bookbuilding process, successfully placed SEK 550 million equivalent of senior secured floating rate bonds with qualified investors in the Nordics, Europe, and the U.S. (the “New Bonds”). The New Bonds will be issued in two tranches of which SEK 350 million will be issued on the first issue date (the “SEK Tranche”) and equivalent to SEK 200 million is an underwritten subsequent bond issue (the “USD Tranche”). The USD Tranche will be non-interest-bearing until any drawdown and New Bonds issued in the USD Tranche may be

Go North Group AB (publ) announces fixed income investor meetings to evaluate bond refinancing and provides financial update

Go North Group AB (publ) (“Go North” or the “Group”) has mandated Pareto Securities AB to arrange a series of fixed income investor meetings commencing on 17 January 2023. Subject to, inter alia, market conditions, a 3-year senior secured floating rate bond issue in an initial amount of up to SEK 500 million may follow (the “Bond Issue”). The proceeds from the contemplated Bond Issue will be used to finance the redemption of Go North’s existing bond loan with ISIN SE0018040867, finance transaction costs, and for general corporate purposes of the Group, including investments and

Go North Group AB (publ) successfully issues subsequent bonds

Go North Group AB (publ) (“Go North” or the “Group”) has successfully placed a subsequent bond issue (the “Subsequent Bond Issue” or the “Subsequent Bonds”) in an amount of SEK 55,000,000 under the Group’s existing senior secured floating rate bond framework of SEK 280,000,000 with ISIN SE0018040867 (the “Bonds”). Following the Subsequent Bond Issue, the outstanding amount under the Bonds will be SEK 280,000,000. The transaction was met with strong demand from both existing and new Nordic and international investors, ultimately resulting in an oversubscribed book and allowing the Subsequent

Go North Group AB (publ) successfully raises SEK 79,000,000 of equity from new co-investors and the total round of SEK 150,000,000 was over-subscribed

Go North Group AB (publ) (“Go North” or the “Group”) has successfully raised approximately SEK 79,000,000 of equity (the “Transaction” or the “Equity Raise”) from new co-investors including Access Capital Partners and Qualitas Equity (the “Co-investors”). Proceeds from the Transaction will be applied towards acquiring identified Amazon brands in the Group’s near-term pipeline and to further strengthen the profitability of brands in the existing portfolio. As announced in the press release dated 6 October 2022 (Completion of 1st closing), the Group had an ongoing share issue directed

Go North Group AB (Publ) announces its Quarter 3, 2022 financial report

Gothenburg 11 November 2022 Go North Group AB (publ) ("Go North" or "The Group") is delighted that in Quarter 3, we proved that we could execute against our previously communicated strategy, by delivering the first reported profitable month in September 2022. As previously announced, Go North completed a new equity round among existing investors of approximately mSEK 75, with an open and ongoing new share issue for co-investors of mSEK 150 in aggregate is a great step forward and will put Go North in a stronger financial position.   Go North knows how to source and acquire great

Jonas Arlebäck has been appointed as Group CFO of Go North Group AB (Publ)

Jonas Arlebäck has today been appointed Group CFO of Go North Group AB (Publ) ("Go North", or "The Group") and will take up his role from today, 26 October. Jonas most recently came from the role as acting CEO of Qliro (Publ) and prior to that he has 20+ years of experience from relevant positions in companies such as Sweden CEO and Nordic CFO of Lowell (Publ), Group CFO of Handicare Group (Publ), Executive Partner of Accenture (Publ), Management Consultant at McKinsey & Co. Jonas is a member of the board of Directors at Holta Invest AS with multiple other board assignments in the past, also

Go North Group AB (Publ) announces its first reported profitable month, contributing a positive EBITDA of kSEK 451 in September 2022

Go North Group AB (publ) ("Go North" or "The Group") is delighted that in September, we proved that we could execute against our previously communicated strategy, by delivering the first reported profitable month, contributing a positive EBITDA of kSEK 451. As previously announced, Go North completed a new equity round among existing investors of approximately mSEK 75, with an open and ongoing new share issue for co-investors of mSEK 150 in aggregate is a great step forward and will put Go North in a stronger financial position. Go North knows how to source and acquire great Amazon

Go North Group AB (publ) completes a new equity round of approx. mSEK 75 with an open and ongoing new share issue for co-investors of mSEK 150 in aggregate

Go North Group AB (publ) (“Go North” or “The Group”), has successfully carried out an  equity round among existing investors (the “Equity Round”) of approximately SEK 75,000,000 with an open and ongoing new share issue for co-investors of another approximately SEK 75,000,000, meaning, total roundsize of up to SEK 150,000,000 in aggregate.   The Equity Round has been led by; eEquity IV AB alongside notable investors including (familiar with); Victor Hielte (Neudi/Ernströmgruppen), William Olsson (Stena/Sessan), Ludwig Mattsson (Gavia), Lena Apler (Collector), Gustav Eriksson (Stena/

Go North, aiming to become Europe’s next unicorn, closes 77.5M SEK in seed round led by eEquity.

As 2021 ended, Go North  started their journey to become Europe’s next unicorn. Amazon’s incredible success is partly driven by third-party sellers, and the idea of aggregating these smaller brands under an operational umbrella to increase profitability has shown great success. It’s a competitive industry with impressive funding rounds, but Go North, however, is different from most of their competitors. Instead of coming from traditional M&A backgrounds, they’re a team of Amazon entrepreneurs themselves—and uniquely able to connect with FBA (Fulfilled-By-Amazon)

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