Nimlas Group AB Successfully Issues Its First €325 Million Bond to Support Growth and Expansion
Nimlas Group has successfully issued a €325 million senior secured bond (the “Bonds” or “Bond Issue”) through its subsidiary QuickTop HoldCo AB. The Bonds will carry a tenor of 5 years and a floating rate interest of 3 months EURIBOR plus 450 bps per annum.
The Bond Issue attracted strong investor interest following a comprehensive roadshow, which was fully booked with participation from more than 150 investors. The transaction generated substantial interest and demand from a diverse group of Nordic and international investors, resulting in significant oversubscription.
- “The successful issuance of the bond marks a key milestone in Nimlas’ growth journey. The strong investor interest reaffirms confidence in our decentralized business model, where locally empowered companies are supported by efficient central functions and a project portfolio consisting of services, renovation, and small- to mid-sized projects. This transaction enables us to continue growing, pursue strategic acquisitions, and enhance our financial flexibility,” says Christoffer Järkeborn, CEO of Nimlas Group.
- “On the back of Nimlas’ strong growth and maturity, entering the capital markets was a strategic and logical progression. With the success of this issuance, Nimlas is well-capitalized to accelerate its growth and strategically pursue further M&A opportunities," says Fredrik Brynildsen, KLAR Partners
The proceeds from the Bond Issue will be applied towards a) refinancing the Company's existing indebtedness, b) financing a one-time shareholder distribution, c) financing or refinancing capital expenditure and acquisitions of companies, businesses or undertakings, d) financing the general corporate purposes of the group, and e) financing any fees, costs and expenses incurred by the group in respect of any such transactions or the bond issue.
DNB Markets, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge, and Pareto Securities AS acted as Joint Bookrunners in connection with the Bond Issue.
For further information, please contact:
Marcus Holmstrand
CFO Nimlas Group
+46 (70) 250 76 26
marcus.holmstrand@nimlasgroup.com
Christoffer Järkeborn
CEO Nimlas Group
+46 (72) 242 28 19
christoffer.jarkeborn@nimlasgroup.com
About Nimlas Group:
Nimlas Group is a leading Nordic technical installation and service group with more than 4,500 dedicated employees active across 130 locations in Sweden, Finland, and Norway. The group provides services across the full range of technical disciplines ranging from heating and sanitation to electricity, automation, ventilation, cooling/refrigeration, and fire safety, as well as related services such as design and security. Nimlas’ vision is to continue its strong growth by providing the best environment for technical installation companies to grow. The group has a turnover of approximately SEK 8.8 billion pro forma. Nimlas is owned by funds managed by KLAR Partners. Read more at http://www.nimlasgroup.com
