Advokatfirman Delphi has acted as legal advisor to NIBE Industrier AB (publ) in connection with NIBE’s rights issue of approximately SEK 3,024 million.
The subscription period in the rights issue expired on 25 October 2016. The interest in the rights issue has been high, and about 99.3 percent of the offered shares were subscribed for with subscription rights. Further, the rights issue was oversubscribed by approximately 54.6 percent of the offered shares of series B.
NIBE is a Global Group contributing to a more sustainable world with solutions for Indoor Climate and Comfort, as well as components and solutions for Measuring, Controlling, and Electric Heating. Operations are pursued through three different Business Areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves – with over 11,000 employees in Europe, North America, Asia, and Australia. The NIBE Group had sales exceeding SEK 13 billion (approximately USD 1.5 billion/approximately Euro 1.4 billion) in 2015. Since 1997, the NIBE Group has been listed under the name NIBE Industrier on the Nasdaq Stockholm Exchange, Large Cap, with a secondary listing on the SIX Swiss Exchange since 2011.
Delphi's transaction team consisted of responsible partners Per-Ivar Svensson and Mats Dahlberg, primarily assisted by Andreas Wirén, Marcus Halling and Rebin Ahmad. Partner Anders Jemail has been responsible for the due diligence.
Danske Bank and Handelsbanken Capital Markets have acted as financial advisors to NIBE in connection with the rights issue.