ABG Sundal Collier acted as sole financial advisor to Nordic Capital in connection with the sale of Ellos Group to FNG. The transaction will partly be financed by a fully underwritten SEK 1,500m senior secured bond for which ABG Sundal Collier is acting as sole manager and bookrunner.
On 4 July, FNG entered into an agreement to acquire all shares in Ellos Group from Nordic Capital, creating a sizeable player in European omni-channel retail with significant and tangible synergy potential in the medium term. Ellos Group is an e-commerce leader in fashion and home furnishings in the Nordic region, with the strong brands Ellos, Jotex, Stayhard and Homeroom. The purchase price amounts to approximately SEK 2,400 million on a cash and debt free basis. Nordic Capital will become a significant minority shareholder in FNG following completion of the transaction.