PE-backed Elektroimportøren prices IPO

The company is due to start trading from 16 December on Euronext Growth Oslo under the ticker symbol ELIMP.

The offering will see majority owner Herkules Private Equity IV, and other minority and management stakeholders, sell their stakes.

The listing comes six years after the GP acquired a majority stake in Elektroimportøren.

Six cornerstone investors – Eika Kapitalforvaltning, Nordea Investment Management, WQZ Investment Group, Pareto Asset Management, Sissener and Delphi Funds – have subscribed for shares worth NOK 385m.

ABG Sundal Collier is acting as the global coordinator in the offering and listing. DNB Markets of DNB Bank is acting as the joint bookrunner, while Advokatfirmaet Wiersholm is the legal adviser.

Company
Founded in 1994 and based in Oslo, Elektroimportøren is a full-range wholesaler and retailer of electrical equipment. The company generated revenues of NOK 1.18bn (€110.6m) and EBITA of NOK 120m (€11m) between January and September 2020.  

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

• Topics
• Exits
• Nordics
• Consumer
• Norway
• Herkules Capital
• IPO