Nordic Capital to float Tokmanni in Helsinki

No formal date has been set for the IPO, which will provide a partial exit for Nordic Capital, four years after it drew on the €4.3bn Nordic Capital VII fund to wholly acquire Tokmanni. The GP acquired the discount general retailer from Finnish GP CapMan in an SBO.

Nordic Capital will remain a shareholder post-IPO and be subject to typical lock-up conditions.

Nordea and Goldman Sachs have been mandated as joint global coordinators and joint bookrunners for the listing, with Carnegie and BofA Merrill Lynch also acting as joint bookrunners.

Operating only in Finland, Tokmanni generated €755m in revenues last year across 156 stores, where it employs 3,200 people.

The listing will come a year after Nordic Capital listed Norwegian discount retailer Europris on Oslo's main market – a listing that has felt the pressure of a poorly performing Norwegian stock market.

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• Nordics
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