IFLR1000

Eltel Nasdaq OMX Stockholm IPO

6/2/2015
IPO
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SKr 2.5 billion

$ 276.048 million

Completed

6/2/2015

Overview:

  • Eltel and has undertaken an IPO on the Nasdaq OMX Stockholm.
  • The offering consisted of 36.7 million shares at SKr68 a share, raising approximately SKr2.5 billion, giving the company a market capitalisation of Skr4.26 billion.
  • Morgan Stanley, SEC and BNP Paribas were the joint global coordinators and joint bookrunners of the offering. Pohjola Bank acted as co-lead manager.
  • Eltel is a Finnish infrastructure company providing technical services to the infranet industry.
  • 3i and BNP Paribas were the main shareholders.

Wai Yee Tsang - Journalist

Jurisdictions:

Finland
Sweden

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Sweden

Industry sector:

Technology and telecommunications

Firms:
Cederquist

Party: BNP Paribas (Shareholder, Seller)

Lawyers: Fredrik Lundén, Tone Myhre-Jensen

Davis Polk & Wardwell

Party: Eltel (Issuer)

Party: 3i Funds (Seller, Shareholder)

Lawyers: Connie Milonakis, Paul Etienne Kumleben, Simon Witty

Hammarskiöld

Party: Morgan Stanley (Global coordinator, Bookrunner)

Party: BNP Paribas (Global coordinator, Bookrunner)

Party: Skandinaviska Enskilda Banken AB (Global coordinator, Bookrunner)

Lawyers: Carl-Johan Pousette, Erik Löfwall

Kirkland & Ellis

Party: BNP Paribas (Seller, Shareholder)

Lawyer: Aprajita Dhundia

Latham & Watkins

Party: Morgan Stanley (Global coordinator, Bookrunner)

Party: BNP Paribas (Global coordinator, Bookrunner)

Party: Skandinaviska Enskilda Banken AB (Global coordinator, Bookrunner)

Roschier

Party: Eltel (Issuer)

Party: 3i Funds (Seller, Shareholder)

Lawyers: Björn Winström, Pontus Enquist

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