White & Case Advises Kjell & Company on IPO on Nasdaq First North

Press Release
1 min read

Global law firm White & Case LLP has advised Kjell & Company, a leading consumer electronics accessories retailer and portfolio company of FSN Capital (FSN), on the launch of its initial public offering (IPO) on Nasdaq First North, with commitments from investors valuing it at SEK 1.7 billion (US$198.4 million). 

Founded in 1988, Kjell & Company is a leading consumer electronics accessories retailer with a presence in Sweden, Norway and Denmark. It has achieved strong organic net sales growth, with a compounded annual growth rate (CAGR) of 18.8 percent for the financial years 2000 - 2020. 

FSN is a leading private equity sponsor in northern Europe with a focus on making control investments. Kjell & Company has been a portfolio company of FSN since 2014 and, following the IPO, FSN will continue to own 22.9 percent of its shares, assuming subscription in full and that the over-allotment option is exercised in full. 

Carnegie Investment Bank AB and Nordea Bank Abp, filial i Sverige, are acting as joint global coordinators and joint bookrunners on the IPO. 

The White & Case team in Stockholm which advised on the transaction was co-led by partners Johan Steen and Johan Thiman and included partner Carl Hugo Parment, counsel David Tayler and associates Gustaf Wiklund, Marcus Halling, Izabella Barisa, Christian Meijling, Anders Westling, Monica Ericson, Karl Nordlin and Elisabeth Hamill-Keays.

Press contact
For more information please speak to your local media contact.