6 October 2017

Gernandt & Danielsson advises Balco Group AB and Segulah in relation to the listing on Nasdaq Stockholm

The shares in Balco Group AB, a leading provider of balcony solutions in Northern Europe, have on 6 October, 2017 been admitted to trading on Nasdaq Stockholm. In connection with the listing, the general public in Sweden and qualified investors in Sweden and abroad were offered shares corresponding to approximately 69 per cent of the total number of shares in Balco after completion of the offer (assuming full exercise of the overallotment option). The price per share in the Offering is SEK 56, corresponding to a total market value of all issued shares of the Company of SEK 1,200 million.

Since Balco was founded in 1987 in Växjö, Sweden, the company has grown from being a local product-oriented supplier of concrete balconies into a leading market-oriented supplier of glazed balcony solutions. Since its inception, Balco has expanded to several European countries and has today 18 sales offices in seven countries. More information about the offer and the admission to trading is available in the prospectus, which was registered and approved by the Swedish Financial Supervisory Authority on September 25, 2017.

Gernandt & Danielsson advises Balco Group AB and the principal owner Segulah IV L.P. with a team consisting primary of Partner Fredrik Palm and Associates Karin Källström and Christopher Escalante.