Norvestor backed SCAN has successfully completed a private placement of 8m shares at a price of NOK 28 per share, equalling gross proceeds of NOK 224m. SCAN announced the private placement on May 2nd 2007, of 6-8m shares and retail offering of 2-4m shares, and secondary sale of 10m shares in relation to the scheduled listing on Oslo Børs or Oslo Axess. The secondary sale of 10m existing shares, at NOK 28 per share, was completed by the three shareholders, Norvestor IV with 9.5m shares, Loyd AS with 440,000 shares and Geolistic with 60,000 shares. After the sale, Norvestor will continue to be the largest shareholder in SCAN with 19,584,900 shares (21,77%). The private placement and secondary sale of shares was oversubscribed and further strengthened the shareholders base in SCAN. The new shareholders are both Norwegian and international investors.
First MBO in Italy for the GP, which will now start investing from its recently raised Fund VIII
Add-on comes after Mergermarket reported that the sale of Bergman had been suspended in March 2020
Trade buyer Xact was acquired by JLL Partners from Clearview Capital in 2018 in an MBO
Existing investors Novo Holdings, Morningside Ventures and Brace Pharma Capital also participate