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.’” Rikard Stenberg advises issuers and underwriters on a variety of ECM matters, including PIPE transactions and dual-track processes. Clients praise his experience as well as his “technical skill in IPOs.”
IFLR 1000, 2014 / Capital Markets: Equity Chambers Europe Band 2, 2019

Overview

Acclaimed lawyer Rikard Stenberg supports clients with a wide variety of capital markets transactions and public M&A.

His deep knowledge of the Nordic business environment is matched by the international breadth of his transactional experience. These qualities make him a valued asset for domestic and multinational issuers, owners and underwriters, who have come to rely on Rikard's skillful handling of a broad array of capital markets transactions, including IPOs, spin-offs, rights issues and convertible bonds offerings.

Experienced in representing both sponsors and strategic buyers, Rikard's public M&A track record spans a wide range of domestic and international buy-outs, merger of equals and reversed takeovers.

He has also developed a strong advisory practice, counseling Swedish listed companies on their corporate governance and long-term variable remuneration programs.

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

Experience

Representative capital markets transactions include advising/representing:

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.

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

Ovzon and its founders in connection with the IPO and Nasdaq Stockholm First North listing of Ovzon.

Jefferies, ABG, Carnegie and DNB as placement agents in connection with the private placement of shares in Oncopeptides.

Evercore, RBC and SEB as the underwriters in connection with Hansa Medical's directed issue.

Handicare and its principal shareholder Nordic Capital in connection with the IPO and Nasdaq Stockholm listing of Handicare.

Carnegie, Danske Bank and Berenberg as underwriters in connection with the IPO and Nasdaq Stockholm listing of Boozt.

Carnegie, Nordea and Danske Bank as underwriters in connection with IPO and Nasdaq Stockholm listing of Ambea.

ABG Sundal Collier, Carnegie and DNB as underwriters in connection with the IPO and Nasdaq Stockholm listing of Oncopeptides.

Morgan Stanley, Nordea, Deutsche Bank and SEB as underwrites in connection with Bravida's 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.

J.P. Morgan, SEB, Deutsch Bank and Carnegie as underwrites in connection with Capio's 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.

Citi and SEB as underwrites in connection with Alimak Group's SEK 2.5billion IPO and NASDAQ Stockholm listing and US and international offering of ordinary shares pursuant to 144A and Reg S by Triton.

UBS, Nordea and Carnegie as underwrites in connection with Coor Service Management's SEK 2.5 billion IPO and NASDAQ Stockholm listing and US and tinternational offering of ordinary shares pursuant to 144A and Reg S by the company and Bain Capital.

Carnegie and Svenska Handelsbanken as underwriters in connection with Troax's SEK 813 million IPO and NASDAQ Stockholm listing and offering of shares by FSN Capital.

Svenska Handelsbanken, Carnegie and SEB as underwriters in connection with Inwido's 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.

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

Sanitec, the leading pan-European multi-brand bathroom ceramics specialist, and its principal owner EQT 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.

Byggmax, a Nordic DIY building materials retailer, and its principal owner Altor 2003 Fund 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.

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

J.P. Morgan as manager of airline carrier SAS' SEK 1.6 billion convertible bond issuance.

Bank of America Merrill Lynch and Credit Suisse as the underwriters of Swedbank's SEK 15 billion rights issue of ordinary shares.

Representative public M&A transactions include advising/representing:

EQT in their dual track exit of Piab resulting in the sale to Investor AB (publ) (Patricia Industries) for an enterprise value of SEK 7.0 bn.

European Entertainment Intressenter BidCo AB (EE Intressenter) on the public cash offer to the shareholders in Cherry AB to acquire all Cherry shares at a price of SEK 87 per share.

EQT on the public cash offer to the shareholders of Karo Pharma.

EQT in its capacity as principal shareholder of Sanitec, in the SEK 9.7 billion offer by Geberit Aktiengesellschaft for all of the shares in Sanitec.

Munksjö and its principal owner EQT 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.

Kamic in its successful SEK 215 million tender offer for ElektronikGruppen, a Nordic supplier of components and systems for the electronics industry.

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.

Privately held downstream Alliance Oil of Russia in the successful USD 1.5 billion reversed takeover of NASDAQ OMX listed West Siberian Resources, the Bermuda incorporated Russian upstream oil company.

California based NASDAQ listed Powerwave Technologies 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.

NASDAQ OMX listed LGP in its successful strategic combination with and SEK 760 million exchange offer for NASDAQ OMX listed Allgon.

Avesta Sheffield in Finnish Outokumpo Steel's SEK 19 billion strategic combination with and exchange offer for Avesta Sheffield.

AP Fastigheters successful SEK 1.8 billion tender offer for NASDAQ OMX listed Anders Diös, a real property company.

Awards and Recognition

Leading Lawyer: Capital Markets, IFLR 1000 2014

Leading Lawyer: Capital Markets – Equity, Chambers Europe 2014, Chambers Global 2014