Rikard Stenberg

Partner, Stockholm

Biography

“Rikard Stenberg wins plaudits for his thorough understanding of both Capital Markets and public M&A matters. Clients highlight that ‘he is very, very technically skilled, very thorough and very creative.’” One client says that he is “very experienced and has a good perspective on different markets,” adding: “He is a good sounding board for regulatory aspects.”
IFLR 1000, Chambers

Overview

Rikard Stenberg is a partner in the firm's Capital Markets practice in Stockholm and focuses on capital markets and public M&A. In capital markets, Rikard has advised issuers, owners as well as underwriters in a variety of transactions including IPOs, spin-offs, rights offerings and convertible bonds offerings. He has extensive experiences of advising sponsors and their portfolio companies in connection with dual and triple track exit processes. 

Rikard's public M&A experience includes a wide range of domestic and cross border buy-outs, merger of equals and reversed takeovers, and he has represented both sponsors and strategic buyers. In addition, Rikard regularly counsels Swedish listed companies on corporate governance and long term variable remuneration programs.

Bars and Courts
Swedish Bar
Education
LLM
Juris kandidat
Stockholm University
Languages
Swedish
English

Experience

Capital Markets

Representation of The Joint Bookrunners, Jefferies International Limited, Carnegie Investment Bank AB (publ) and DNB Markets, a part of DNB Bank ASA, on the completed directed share issue of approximately SEK 546 million by Oncopeptides, a pharmaceutical company focused on the development of targeted therapies for difficult-to-treat haematological diseases. 

Representation of Arion Banki, a leading universal relationship bank in Iceland, and Kaupthing, a major Icelandic bank, in connection with the IPO and dual-listing in Stockholm and Reykjavik of Arion Bank.

Representation of Ovzon, a broadband telecommunication company offering mobile communication services via satellite, and its founders in connection with the IPO and Nasdaq Stockholm First North listing of Ovzon.

Representation of Jefferies, ABG, Carnegie and DNB, all financial services institutions, as placement agents in connection with the private placement of shares in Oncopeptides, a research and development stage pharmaceutical company developing drugs for treatment of cancer.

Representation of Evercore, a global independent investment banking advisory firm, RBC and SEB, both financial services institutions, as the underwriters in connection with Hansa Medical's, a biopharmaceutical company developing novel immunomodulatory enzymes for transplantation and acute autoimmune diseases, directed issue.

Representation of Handicare, a leading manufacturer of solutions and medical equipment for disabled and elderly people, and its principal shareholder Nordic Capital, a leading private equity investor, in connection with the IPO and Nasdaq Stockholm listing of Handicare.

Representation of Carnegie, Danske Bank and Berenberg, all financial services institutions, as underwriters in connection with the IPO and Nasdaq Stockholm listing of Boozt, a leading on-line retailer.

Representation of Carnegie, Nordea and Danske Bank, all financial services institutions, as underwriters in connection with IPO and Nasdaq Stockholm listing of Ambea, a provider of care services in Sweden within the areas of disabled care, individual and family care and nursing homes.

Representation of ABG Sundal Collier, Carnegie and DNB, all financial services institutions, as underwriters in connection with the IPO and Nasdaq Stockholm listing of Oncopeptides, a research and development stage pharmaceutical company developing drugs for treatment of cancer.

Representation of Morgan Stanley, Nordea, Deutsche Bank and SEB, all financial services institutions, as underwrites in connection with Bravida's, a leading independent supplier of building installation services, SEK 3.2 billion IPO and NASDAQ Stockholm listing and US and international offering of ordinary shares pursuant to 144A and Reg S by Bain Capital, a private investment firm.

Representation of J.P. Morgan, SEB, Deutsch Bank and Carnegie, all financial services institutions, as underwrites in connection with Capio's,  one of Europe's leading healthcare companies, SEK 2.7 billion million IPO and NASDAQ Stockholm listing and US and international offering of ordinary shares pursuant to 144A and Reg S by the company and the owners, Nordic Capital and Apax, both leading private equity investment firms.

Representation of Citi and SEB, both financial services institutions, as underwrites in connection with Alimak Group's, a provider of vertical access solutions for professional use, SEK 2.5 billion IPO and NASDAQ Stockholm listing and US and international offering of ordinary shares pursuant to 144A and Reg S by Triton.

Representation of UBS, Nordea and Carnegie, all financial services institutions, as underwrites in connection with Coor Service Management's, a provider of facility management services, SEK 2.5 billion IPO and NASDAQ Stockholm listing and US and international offering of ordinary shares pursuant to 144A and Reg S by the company and Bain Capital, a private investment firm.

Representation of Carnegie and Svenska Handelsbanken, both financial services institutions, as underwriters in connection with Troax's, a provider of machine guarding, SEK 813 million IPO and NASDAQ Stockholm listing and offering of shares by FSN Capital, a private equity investment firm.

Representation of Svenska Handelsbanken, Carnegie and SEB, all financial services institutions as underwriters in connection with Inwido's, a wood window and door manufacturing company, SEK 2,946 million IPO and NASDAQ Stockholm listing and U.S and international offering of ordinary shares pursuant to 144A and Reg S by Ratos, the principal shareholder of the company.

Representation of Rezidor Hotel Group, a leading international hotel management company, in connection with its EUR 60 million rights issue of ordinary shares.

Representation of Sanitec, the leading pan-European multi-brand bathroom ceramics specialist, and its principal owner EQT, a leading global investment firm, in connection with the company's SEK 3,660 million IPO and NASDAQ OMX listing and U.S. and international offering of ordinary shares pursuant to 144A and Reg. S.

Representation of Byggmax, a Nordic DIY building materials retailer, and its principal owner Altor 2003 Fund, a fund in the family of Altor-branded private equity funds focused on investing in and developing medium sized companies, in connection with the company's SEK 1.2 billion IPO and NASDAQ OMX listing and U.S. and international offering of ordinary shares pursuant to 144A and Reg. S.

Representation of J.P. Morgan, Nordea, Skandinaviska Enskilda Banken, DnB NOR and RBS, all financial services institutions, as the underwriters of airline carrier SAS' SEK 5 billion rights issue of ordinary shares.

Representation of J.P. Morgan, a financial services firm, as manager of airline carrier SAS, a Scandinavian airline, SEK 1.6 billion convertible bond issuance.

Representation of Bank of America Merrill Lynch and Credit Suisse, both financial services firms as the underwriters of Swedbank's, a Nordic-Baltic banking group, SEK 15 billion rights issue of ordinary shares.

M&A

Representation of EQT, a leading global investment firm, on: 

  • the dual track exit of Piab, a Sweden-based vacuum pump developer, resulting in the sale to Investor AB (publ) (Patricia Industries), a Swedish investment firm, for an enterprise value of SEK 7.0 bn.
  • the public cash offer to the shareholders of Karo Pharma, a company that specializes in the sale and marketing of prescription pharmaceuticals and over-the-counter products.
  • its capacity as principal shareholder of Sanitec, a leading producer of hygiene products, in the SEK 9.7 billion offer by Geberit Aktiengesellschaft, for all of the shares in Sanitec.

Representation of European Entertainment Intressenter BidCo AB (EE Intressenter), a privately held investment company, on the public cash offer to the shareholders in Cherry AB, one of Scandinavia’s oldest gaming companies, to acquire all Cherry shares at a price of SEK 87 per share.

Representation of Munksjö, a leading paper producer and its principal owner EQT, a leading global investment firm, in connection with the business combination of Munksjö with the Label & Processing division of Finnish listed company Ahlstrom, creating a globally leading specialty paper company listed on NASDAQ OMX with EUR 1.3 billion in net sales.

Representation of Kamic, a corporate group active in trade and manufacturing, in its successful SEK 215 million tender offer for ElektronikGruppen, a Nordic supplier of components and systems for the electronics industry.

Representation of Schulthess, the SIX Swiss Exchange listed heating, cooling and washing technology provider, in the CHF 638 million mixed consideration offer for the company by NASDAQ OMX listed NIBE, the pan-European heat pump manufacturer.

Representation of privately held downstream Alliance Oil of Russia, a leading independent oil and gas company, in the successful USD 1.5 billion reversed takeover of NASDAQ OMX listed West Siberian Resources, the Bermuda incorporated Russian upstream oil company.

Representation of California based NASDAQ listed Powerwave Technologies, a global telecommunications corporation, in its successful strategic combination with and SEK 3 billion exchange offer for NASDAQ OMX listed LGP Allgon, the radio and mobile communications solutions supplier, as well as the secondary listing of Powerwave Technologies on NASDAQ OMX.

Representation of NASDAQ OMX listed LGP in its successful strategic combination with and SEK 760 million exchange offer for NASDAQ OMX listed Allgon, a leading company within the area of industrial remote control.

Representation of Avesta Sheffield, a manufacturer of stainless steel products, in Finnish Outokumpo Steel's, a global stainless steel manufacturer, SEK 19 billion strategic combination with and exchange offer for Avesta Sheffield, a manufacturer of stainless steel products.

Representation of AP Fastigheters, the jointly owned real estate arm of the first, second third and fourth Swedish National Pension Funds (AP1-4), successful SEK 1.8 billion tender offer for NASDAQ OMX listed Anders Diös, a property company.

Awards and Recognition

Capital Markets: Equity, Chambers Europe/Global, 2019, 2020

Capital Markets, The Legal 500, 2019