Gernandt & Danielsson advises FNG Nordic AB:s (publ) in its issue of corporate bonds in the amount of SEK 1,500 million. The proceeds from the bond issue will be used to finance the the acquisition of Ellos Group Holding AB (publ) and for general corporate purposes. FNG Nordic intends to list the bonds on Nasdaq Stockholm.
FNG Nordic is a part of FNG Group and the parent company FNG NV, listed on Euronext Brussels and Euronext Amsterdam, was founded in 2003 and has grown from one brand in children's fashion to a leading Benelux retailer-brand portfolio with over 3,000 employees and total sales of approximately EUR 500 million. The Ellos Group, which includes Ellos, Jotex, Stayhard, and Homeroom, is a leading e-commerce group in the Nordic regions. Ellos Group has around 550 employees and sales of around SEK 2,6 billion.
Gernandt & Danielsson has advised the financial advisor ABG Sundal Collier with a team consisting of Partner Mikael Borg, Senior Associate Mikael Bolling and Associate Simon Wetterholm.