White & Case Advises on Handicare Group IPO
Global law firm White & Case LLP has advised Handicare Group AB (Handicare) and its principal shareholder, Nordic Capital, on the SEK 855 million initial public offering and listing of Handicare on Nasdaq Stockholm.
The IPO values Handicare at SEK 2.9 billion, and attracted strong interest from both Swedish and international institutions, as well as the Swedish general public and the board and employees of Handicare. Trading in Handicare's shares commenced on October 10, 2017.
"White & Case has a strong relationship with Nordic Capital and we've also been advising Handicare for a considerable period time," said Stockholm-based White & Case partner Rikard Stenberg, who co-led the Firm's deal team. "Our integrated team of lawyers in Stockholm and Helsinki supported a successful IPO that will allow Handicare to continue its exciting growth journey."
Handicare, a leading global provider of mobility solutions in the accessibility and patient handling markets, was founded in 1986 and was acquired by Nordic Capital in 2010. It offers solutions and support that increase the independence and mobility of the elderly and those with physical challenges, and to improve the convenience and safety of work environments of those caring for them.
The White & Case team which advised on the transaction was led by partners Rikard Stenberg and Oscar Liljeson (both Stockholm) and included partner Mikko Hulkko (Helsinki & London), with support from associates Johan Thiman, Oscar Hållén, Per Svantesson, Gustaf Wiklund, Alexander Berlin-Jarhamn (all Stockholm) and Ben Tuiskula (Helsinki).
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