SCAN Geophysical ASA, which Norvestor IV LP holds a 35.5% stake in, has closed a NOK 202.5m subordinated convertible bond issue towards existing shareholders and new investors. The unsecured bonds have a fixed interest rate of 7% per annum, maturity of five years and a conversion price of NOK 27 per share. Norvestor IV LP participated in the issue with its relative share.
Deal includes three manufacturing facilities located in Spain, which employ around 140 staff
GP acquired the care home group from Swiss Prime Site and will be the company's sole shareholder
Iris, Idinvest and historical backers invest in the manager of the eponymous social media app
GP uses its Mérieux Participations 3 fund, which held a first close on €200m in 2018