On 16 September 2021, Kjell & Company completed the launch of its initial public offering on Nasdaq First North Growth Market.
Nordea Bank Abp, filial i Sverige provided debt financing to the Kjell & Company group in connection with the listing, by way of term and revolving facilities in an aggregate amount of SEK 910 million. The purpose of the facilities is to, amongst other things, refinance certain pre-listing debt as well as financing acquisitions and working capital needs of the group.
Kjell & Company is a leading consumer electronics accessories retailer with a presence in Sweden, Norway and Denmark.
Mannheimer Swartling advised Nordea in the transaction.