Jun 17, 2014 12:00 AM CET
Com Hem Holding AB (publ) ("Com Hem" or "the Company"), a leading provider of TV, broadband and fixed telephony services in Sweden, today announces an offer price of SEK 58 per share in its initial public offering ("IPO" or "the Offering") of newly issued shares. Admission to trading and listing on the NASDAQ OMX Stockholm will take place today, June 17, 2014. The Offering was over-subscribed several times and attracted strong interest among Swedish and international institutional investors as well as Swedish retail investors.
Anders Nilsson, CEO of Com Hem said:
“We are very pleased with the success of the IPO as it reflects the investor community’s confidence in our strategy and our ability to benefit from the investments made in our network, products and services. With the support of our new shareholders, we are in a strong position to move forward and to grow our business”
Nikos Stathopoulos, Managing Partner at BC Partners said:
“We now have a strong and diverse shareholder base with well-reputed international and Swedish institutional investors, as well as a solid base of Swedish retail investors. The strong demand to participate in Com Hem’s IPO is testament to the Company’s quality and long-term growth prospects and we look forward to continuing to support Com Hem as a listed company”
J.P. Morgan, Morgan Stanley and Nordea acted as joint global coordinators and joint bookrunners, Carnegie as joint bookrunner and Rothschild as financial advisor to the Company and the owners.
Fredrik Hallstan, Head of PR, Com Hem
Tel: +46-761 15 38 30
Com Hem is one of Sweden’s leading suppliers of television, high-speed broadband and fixed-telephony. Approximately 39%, 1.83 million, of Sweden’s households are connected to Com Hem, with access to the market’s broadest range of television services. Com Hem offers attractively priced, high-quality and comprehensive services for television, high-speed broadband and fixed-telephony. The Company was established in 1983 and has approximately 1,050 employees and its head office in Stockholm. Com Hem’s principal shareholders are funds advised by BC Partners. For more information, visit: www.comhemgroup.com.
BC Partners is a leading private equity firm with advised funds of EUR 12.6 billion. Established in 1986, BC Partners has played an active role in developing the European buy-out market for 27 years. BC Partners executives operate as an integrated team through the firm’s offices in Europe and North America, acquiring and developing businesses to create value in partnership with management. Since inception, BC Partners has completed 85 investments in companies with a total enterprise value of EUR 88 billion and is currently investing its ninth fund, which was raised in 2011 with total commitments of EUR 6.7 billion. For more information, visit: www.bcpartners.com.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.
Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the “Prospectus Directive”). Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
In any EEA Member State other than Sweden that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.
This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” “continue,” “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Com Hem believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.