Hannes Snellman Advised Vitec Software Group AB on Its SEK 920 Million Private Placement

Hannes Snellman advised Nordic software company Vitec Software Group AB, listed on Nasdaq Stockholm, on its directed issue and private placement of 2,000,000 new class B shares to professional and institutional investors. The private placement was carried out through an accelerated book-building process, raising proceeds of SEK 920 million before transaction costs, and was significantly oversubscribed. Nordea Bank Abp and Skandinaviska Enskilda Banken AB acted as joint global coordinators and joint bookrunners in the private placement.

Hannes Snellman’s advisory team comprised Mattias Friberg, Ola Åhman, Khaled Talayhan, Emma Greiff, and Marc Tevell de Falck.