Sunstorm Holding AB divests remaining shareholding in Scandic
Sunstorm Holding AB (a company controlled by EQT V Limited which is advised by EQT Partners with Accent Equity 2003 fund as co-investor) has entered into agreements to divest shares corresponding to approximately 20 per cent of the total number of shares and votes in Scandic Hotels Group AB. The shares are acquired by Stena Sessan Rederi AB and by Novobis AB, which was a cornerstone investor in the IPO of Scandic.
After the IPO of Scandic, Sunstorm Holding has on two previous occasions, in August and November 2016, respectively, sold shares in Scandic through accelerated bookbuilding processes to Swedish and international institutional investors. As a result of the latest sale, Sunstrom has divested all of its shares in Scandic.
EQT has been advised by Mannheimer Swartling in all transactions.