NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
FSN Capital III LP ("FSN Capital") has, through Cage Holding Ltd, an indirectly owned company, sold its entire holding of 3,618,946 shares, corresponding to 18.1% of the shares in Troax Group AB ("Troax" or the "Company"), to a limited number of Nordic and international institutional investors. The sale was made at a price of SEK96 per share, a total of approximately SEK347 million. Interest among investors in acquiring Troax shares has been considerable. Following the sale, FSN Capital no longer holds any shares in Troax.
Peter Möller, Partner at FSN Capital says:
“During FSN’s ownership of Troax, the company has undergone an impressive growth journey and, following the successful IPO in March, continued to show strong earnings development which has resulted in a positive aftermarket performance to date.”
Carnegie and Handelsbanken Capital Markets have acted as joint bookrunners in connection with this sale.
Troax was listed on NASDAQ Stockholm on March 27, 2015.
Troax is the leading global supplier of indoor perimeter protection for the market segments: Automation & Robotics, Material Handling & Logistics and Property Protection.
Troax develops high quality and innovative safety solutions to protect people, property and processes. Troax has a global organisation with an unparalleled sales force and efficient logistics setup, enabling local presence and short delivery times in 31 countries. In 2014 Troax net sales amounted to around EUR 90 million and the number of employees amounted to about 400 persons. Troax head office is located in Hillerstorp, Sweden.
For more information please contact:
Peter Möller, Partner
firstname.lastname@example.org +46 70 373 3318
Morten Welo, COO
email@example.com +47 924 48 555
Members of the general public are not eligible to take part in the placing of securities referred to herein. This announcement and any offer of securities to which it relates are only addressed to and directed at (1) in any member state of the EEA, persons who are qualified investors within the meaning of article 2(1)(e) of eu directive 2003/71/EC and any relevant implementing measures (the "prospectus directive"); and (2) in the United Kingdom, persons who (i) have professional experience in matters relating to investments who fall within article 19(5) of the financial services and markets act 2000 (financial promotion) order 2005 (as amended) (the "order"); or (ii) fall within article 49(2)(a) to (d) of the order or (iii) are persons to whom an offer of the placing shares may otherwise lawfully be made (all such persons referred to in (1) and (2) together being referred to as "relevant persons"). The information regarding the placing set out in this announcement must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.
This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
This announcement and the information contained herein is for information purposes only and does not constitute or form part of any offer of, or the solicitation of an offer to acquire or dispose of securities in the United States, Canada, Australia, Japan or in any other jurisdiction in which such an offer or solicitation is unlawful.
No prospectus or offering document has been or will be prepared in connection with the placing of securities referred to herein. Any investment decision to buy securities in the placing must be made solely on the basis of publicly available information. Such information is not the responsibility of and has not been independently verified by the seller, its advisors or their respective affiliates.