Change of ownership in Hemnet Group – Sprints Euphrasia Sàrl restructures its shareholding
On 3 May 2022, Sprints Euphrasia Sàrl (“Sprints Euphrasia”) restructured its shareholding by transferring 3.1% of the outstanding shares in Hemnet to VNV (Cyprus) Limited, a wholly owned subsidiary of VNV Global (publ).
Sprints Euphrasia has been a shareholder in Hemnet since 2017, and is majority owned by funds advised by Sprints Capital, a London based growth equity firm. VNV Global is an investment company that focuses on high-growth, tech-enabled businesses that benefit from network effects. VNV (Cyprus) Limited has been a minority owner in Sprints Euphrasia since 2017, and its interest has now been exchanged against a direct shareholding in Hemnet in a non-cash transaction. After the reorganization, Sprints Euphrasia remains a significant shareholder in Hemnet with an ownership of 5.6% of the outstanding shares.
For more information, please contact:
Staffan Tell, Head of PR
M: +46 733 67 66 85
Carl Johan Åkesson, CFO
M: +46 708 30 70 57
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
Sprints Capital contact
Caterina Gotti, Head of Investor Relations
M: +44 7957 978 524
VNV Global contact
Björn von Sivers, Investor Relations
M: +46 8-545 015 50
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet is listed on Nasdaq Stockholm (‘HEM’).
About Sprints Capital
Sprints Capital is a London-based, independent growth equity firm that invests in tech-enabled companies with proven business models, strong and durable market positions and excellent teams. For more information on Sprints Capital, please visit the website: www.sprintscap.com.
About VNV Global
VNV Global is a Swedish publicly listed investment company with a global mandate to invest in high-growth technology companies. The company has a special focus on online marketplaces and business models with strong network effects. The common shares of VNV Global are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV. For more information on VNV Global, visit www.vnv.global.