Global law firm White & Case LLP has advised Nobia on its SEK 1.5 billion fully guaranteed rights issue, the divestment of its UK operations and the refinancing of its credit facilities.
Handelsbanken and Nordea acted as joint bookrunners in connection with the transaction.
Listed on Nasdaq Stockholm, Nobia is a leading kitchen specialist in the Nordic region that develops and sells kitchen solutions through a portfolio of well-known brands such as HTH, Marbodal, Sigdal, Norema, Unoform and Invita. Nobia has approximately 2,000 employees and net sales of approximately SEK 5.6 billion.
The rights issue will strengthen Nobia's financial position and provide the financial flexibility to execute its strategy and further focus on the Nordic markets, supported by strong brands, clear market positions, structurally higher margins and a production footprint centred around the highly automated Nobia Park factory in Jönköping, Sweden.
White & Case also advised Nobia on the divestment of its UK operations to funds managed by Alteri Partners, further sharpening Nobia's strategic focus on its core Nordic markets. Additionally, the Firm advised Nobia on an amendment and extension of the company's credit facilities as part of the broader refinancing undertaken alongside the rights issue.
The White & Case team which advised on the transaction was led by partner Johan Thiman and included partners Henrik Wireklint and Alexander Berlin-Jarhamn (all Stockholm), Mark Richardson (London), counsel Nima Naderi and associates Alexander Lausev Mardell, Jennie Storm, Janina Stjernqvist, Jakob Matell and Ella Viebke (all Stockholm) and associates Kathleen McConchie and Shruthi Madhusudan (both London).
Press contact
For more information please speak to your local media contact.
