Cederquist has advised Karnell Group AB (publ) (“Karnell”) in connection with Karnell’s IPO on Nasdaq Stockholm, Main Market. The price in the IPO was set at SEK 30 per share, which corresponds to a pre-money equity valuation for all shares in Karnell of approximately SEK 1,278 million. The offering was directed to the general public in Sweden as well as to institutional investors in Sweden and, with certain exceptions, abroad. The listing of Karnell is the first IPO on Nasdaq Stockholm, Main Market in 2024.
Karnell is a growth-oriented industrial technology group. The company’s business concept is to use a systematic and proactive acquisition strategy to invest in industrial technology product companies and niched manufacturers at attractive valuations and thereafter develop these businesses by leveraging the Karnell group’s tools and expertise. Further information about the IPO and Karnell is available on the company’s website, www.karnell.se.
Cederquist’s team mainly consisted of Fredrik Lundén, Filip Gyulai, Hanna Lishajko, Elin Ljungström and Theodor Mendel (all Public M&A and ECM) as well as Per Henriksson and Ronja Benediktsson (Banking and Finance).