Intera-backed Silmäasema IPO oversubscribed multiple times

The board of directors and Intera have jointly decided to discontinue the subscription period as of 5 June at 4pm. They will decide on acceptance of subscriptions made in the offering, the final subscription price and the number of offer shares on or around 8 June 2017. The final result will be published immediately after these decisions.

Silmäasema announced a price range of €6.20-7.20 on 26 May, implying a market cap of €92-105m. The offer consisted of the sale of 5.1 million new shares worth €35m and 3.1 million existing shares owned by Intera.

Trading was expected to commence on the Helsinki Stock Exchange pre-list on 9 June with the official listing taking place on 13 June under the trading code SILMA. According to a statement, this schedule is unaffected by the discontinuation of the subscription period.

Intera acquired a majority stake in the optician and optical retail chain in June 2014 using capital from its second fund. Armada Mezzanine Fund IV provided mezzanine financing to support the acquisition.

Nordea Bank is acting as global coordinator and bookrunner for the IPO and OP Corporate Bank is acting as the bookrunner. Roschier Attorneys is acting as legal adviser to the company and Borenius as legal adviser to the joint bookrunners.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Nordics
• Healthcare
• IPO
• Finland
• Intera Equity Partners Oy