Gernandt & Danielsson advised Sinch in connection with a directed new share issue through an accelerated book building procedure, raising approximately SEK 3.3 billion. The share issue was significantly oversubscribed and a large number of Swedish and international institutional investors participated in the share issue. In addition, a fund managed by SB Management, a wholly-owned direct subsidiary of SoftBank Group Corp, subscribed for shares in the share issue. In connection with the share issue, and due to strong demand, certain larger shareholders, including several co-founders, sold existing shares in the company to SB Management, meaning that SB Management will hold approximately 10.1 percent of the shares and votes in the company following the share issue and the sell-down.

Gernandt & Danielsson’s team consisted of Partner Carl Westerberg, Senior Associate Erik Svärd and Associate Ludvig Berglönn.