Gernandt & Danielsson has advised Nordic Capital in connection with divestment of Sesol Group AB (“Sesol”) to Soltech Energy Sweden AB (publ) (“Soltech”) against newly issued shares in Soltech. As a result of the transaction, Nordic Capital become Soltech’s largest shareholder with approximately 30 percent of the outstanding shares. The completion of the transaction was subject to regulatory approvals from the Swedish Competition Authority and the Inspectorate for Strategic Products as well as to the shareholders of Soltech resolving to issue the consideration shares. In connection with the completion of the transaction, Soltech resolved on a fully guaranteed rights issue of approximately SEK 329 million with Nordic Capital providing subscription commitments and guarantee arrangements as well as lock-up undertakings.
Sesol is one of Sweden’s leading suppliers of solar energy installations and offers solutions across the entire value chain, from first customer contact, through planning to finished installation. Soltech is a full-service provider with market-leading expertise in solar energy, electrical engineering, façade, roofing, charging infrastructure and advanced energy storage solutions with associated smart control. Soltech is listed on Nasdaq First North Growth Market.
Gernandt & Danielsson has advised Nordic Capital with a team mainly consisting of partners Carl Westerberg and Pär Johansson, senior associate Joel Ståhl as well as associates Philip Börnå and Olle Häglund.