PARETO ADVISES SSG BIDCO ON THE SUCCESSFUL PLACEMENT OF A EUR 50 MILLION SENIOR SECURED BOND

Pareto Securities AB has advised BidCo af 28.04.2017 A/S (“SSG BidCo” or the “Issuer”), ultimately owned by the Nordic private equity firm Polaris, on its successful placement of a 5-year initial EUR 50 million senior secured bond (the “Bonds”). The Bonds, maturing in 2024, will carry a floating rate coupon of 3 month EURIBOR + 6.00 per cent, with interest paid quarterly. The Bonds will be governed by Swedish law and the Issuer has undertaken to list the Bonds on a regulated market.

The proceeds from the bond issue will be applied towards the acquisition of SSG Partners A/S (“SSG”) from the Danish investment firm BWB Partners, and for refinancing existing debt. SSG is a leading Nordic provider of damage control and adjacent services with 900 employees and a strong presence across Denmark, Norway and Sweden.

The bond was very well received by the market, with primarily Nordic institutional accounts participating in the highly oversubscribed bond issue, which was closed on the same date as it was launched into the market.

Pareto Securities AB acted as Sole Bookrunner in connection with the bond issue.

For more information please contact:  

Mats Carlsson, CEO, on +46 8 402 52 86

Markus Wirenhammar, Head of Investment Banking, on +46 70-872 51 86
 

Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sector. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, shares in SPV’s and fixed income instruments, wide coverage both within equity- and credit research. Furthermore, Pareto Securities corporate finance offers ECM, M&A and DCM services as well as arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures within real estate, infrastructure and shipping/offshore. Pareto Securities AB is part of the Pareto Securities group and is headquartered in Oslo, Norway, with more than 500 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, Germany, Switzerland, USA, Singapore and Australia.

About Us

Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sector. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, shares in SPV’s and fixed income instruments, wide coverage both within equity- and credit research. Furthermore, Pareto Securities corporate finance offers ECM, M&A and DCM services as well as arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures within real estate, infrastructure and shipping/offshore. Pareto Securities AB is part of the Pareto Securities group and is headquartered in Oslo, Norway, with more than 500 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, Germany, Switzerland, USA, Singapore and Australia.

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