This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules. Not for release, distribution or publication, directly or indirectly, in or to the United States, Australia, Hong Kong, Canada or Japan.
Ratos has sold its shareholding of 10.4% in Inwido AB (publ) to a limited number of Nordic and international institutional investors. The sale was made at a price of SEK 83 per share, a total of SEK 498m, and gives an estimated exit gain of approximately SEK 50m. Interest among investors in acquiring Inwido shares has been considerable. Following the sale, Ratos owns no shares in Inwido.
The sale corresponded to a total of 6,000,000 shares in Inwido and was made through an accelerated bookbuilding process. The selling price amounts to SEK 498m and generates an estimated exit gain of approximately SEK 50m. Inwido was listed in September 2014 and, following this sale, has yielded a total exit gain of approximately SEK 1,480m, an average annual return (IRR) of approximately 16% and a money multiple totalling about 3.6x.
Susanna Campbell, CEO of Ratos, comments: "During our ten-year ownership of Inwido, the strong management team has led the company through an impressive development journey. Following the successful IPO, it has continued to show strong earnings development and a positive performance on the stock exchange with continuous future potential. This sale enables capture of the value created over time and is in line with Ratos's strategy to acquire, develop and divest companies."
Carnegie and Handelsbanken Capital Markets have acted as joint bookrunners in connection with this sale.
For further information, please contact:
Susanna Campbell, CEO, +46 8 700 17 00
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20