May 22, 2017 - Assignment

Munters lists on Nasdaq Stockholm

Munters Group AB has been admitted to trading on Nasdaq Stockholm on 19 May 2017.

The offering price was set at SEK 55 per share, corresponding to a market value of Munters of approximately SEK 10.1 billion.

The offering, which comprised an offering to the general public in Sweden and an offering to institutional investors in Sweden and internationally, consisted of existing shares sold by Munters's owners Nordic Capital (through Cidron Maximus) and Five Arrows Principal Investments (through FA International Investments S.C.A), Rothschild & Co's European corporate private equity business. The value of the offering, assuming that the over-allotment of up to 12 per cent is exercised in full, totals approximately SEK 4.5 billion.

Munters is a global leader in energy efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries, the largest being the food, pharmaceutical and data center sectors. Munters has been defining the future of air treatment since 1955. Today, around 3,500 employees carry out manufacturing and sales in more than 30 countries. Munters reports annual net sales in the region of SEK 6 billion.

Munters and Nordic Capital were advised by Mannheimer Swartling in the offering and the listing.