Gernandt & Danielsson has acted as legal advisor to Troax Group AB (publ) in connection with an issuance of further bonds amounting to 17 million euro under the company’s existing bond loan and sale of bonds owned by Troax amounting to 2.7 million euro.

The proceeds from the bond issue will be used to partly finance the company’s acquisition of Folding Guard, a leading American manufacturer of indoor perimeter protection solutions, from the publicly traded company Legget & Platt.

Gernandt & Danielsson has advised the company with a team consisting of Partner Mikael Borg and Senior Associates Sofie Viktorsson and Henrik Appelqvist.