Industrifonden sells SEK 160m of Arcam shares

The sale brought in approximately SEK 160m, based on Arcam's closing price of SEK 172 a share on Stockholm's stock exchange on Thursday.

After selling down, Industrifonden – the Swedish industrial development fund – will retain 10.4% of the share capital and votes, and will still be the largest shareholder in Arcam.

Previous funding
Industrifonden first became involved with Arcam through a loan in 1999. The GP formally invested in 2002, taking a minority stake in the company.

Some value was realised in December last year, when Industrifonden sold 200,000 shares, worth around SEK 174m.

Company
Based in Mölndal, Arcam is a manufacturer of EBM systems, which create components from metal powders.

The company was founded in 1997, and mainly serves clients in the orthopaedic implant and aerospace industries.

Listed on the Stockholm stock exchange, Arcam has a market value of around SEK 3.2bn, with annual sales of SEK 199m and an operating profit of SEK 14.5m in the 2013 financial year.

People
Thomas Carlström is the investment director at Industrifonden, while Magnus René is the CEO of Arcam.

Advisors
Vendor – ABG Sundal Collier (Bookrunner); Strata Advisory (Financial due diligence).

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