Hoist Finance is a leading debt restructuring partner to international banks, with debt purchase and debt collection activities in eight countries across Europe and retail deposit operations in Sweden. The company specialises in the purchase and management of unsecured non-performing consumer loans originated by international banks and other financial institutions.
The IPO, consisting of newly issued shares and sale of existing shares, attracted strong interest both among Swedish and international institutional investors as well as the general public in Sweden. The offering was over-subscribed multiple times.
Carnegie and Morgan Stanley acted as Joint Global Coordinators and Joint Bookrunners and Citigroup acted as Joint Bookrunner. Davis Polk & Wardwell London LLP acted as international counsel to the Joint Global Coordinators and Joint Bookrunners.
Gernandt & Danielsson advised the Joint Global Coordinators and Joint Bookrunners with a team led by Partner Carl Westerberg and Senior Associate Leo Lee.