Stockholm, photo: Jon Flobrant

Stockholm, Sweden – Tessin Nordic AB (publ) is announcing that the share issue of around SEK 38.5 million executed by the company under the mandate of the general meeting of shareholders was heavily oversubscribed. The book closed with applications to subscribe approaching the SEK 100 million mark.

As previously communicated, the issue was directed at a limited number of shareholders assessed as having the capacity to be cornerstones of the long-term ownership structure. Cantaloupe AB (Sinch founders Björn Zethraeus, Kristian Männik, Robert Gerstmann and Henrik Sandell) joined Stronghold Invest and Hans Runesten, main shareholder in Effnetplattformen (EFFP) and a director of Samhällsbyggnadsbolaget, as anchor investors and provided commitments to subscribe for about 45 percent of the issue. In conjunction, all have committed to join the reverse IPO of Effnetplattformen on the same terms as the majority shareholders. The remainder of the issue, about 55 percent, has been allotted to four new investors including Dragfast AB, which is now the second-largest shareholder in Samhällsbyggnadsbolaget.

“We are proud to welcome Dragfast and other prominent names to the previously announced additions to the list of shareholders in Tessin. Although the strong interest in investing in Tessin was perhaps not unexpected, we are no less pleased by the confidence shown in us by several highly respected investors”, says Jonas Björkman, CEO and co-founder of Tessin. “With Illja Batljan, Dragfast and Cantaloupe among the new major shareholders, we have put together something of a dream team, who together represent vast experience and networks in the real estate sector as well as experience building one of the most successful tech companies in Sweden.”

© TT News Agency Sweden, source TT News Agency English Press Releases