Sale of Lingit

Joint Financial Advisor, 2017

ABOUT THE DEAL & QUOTES

In 2017, Beringer Finance acted as joint financial advisor to Lingit AS on its sale to Verdane Capital IX AB, a Nordic private equity fund. Following the transaction, Verdane IX  will own a 85.5 percent stake in Lingit, with founders of the company holding the remaining 14.5 percent.

ABOUT THE CLIENT

Lingit is a leading Norwegian educational software company which develops and provides assistive technology to individuals with reading and writing disabilities. The company was founded by linguistics experts at Norwegian University of Science and Technology (NTNU) and possesses unique knowledge in the field of language technology.

 

Mandatory offer

Sole Manager, 2016

Tide ASA – Mandatory Offer NOK 643m

 

ABOUT THE DEAL & QUOTES
In 2016, Beringer Finance acted as sole manager in a mandatory offer for the remaining outstanding shares in Tide ASA for a consideration of NOK 28.50/share – corresponding to a full equity value of 643 NOKm. Beringer Finance advised Det Stavangerske Dampskibsselskab AS (DSD). After receiving 95% acceptance in the mandatory offer, DSD will de-list Tide ASA as stated in the offer document.

ABOUT THE CLIENT
Tide ASA (Tide) is the second largest bus company in Norway with annual revenue of 2.5 NOKbn. They operate public tenders in Norway and Denmark and coach and express buses. Tide transports 240 000 passengers daily and their current contract portfolio includes 72 million travelers. Tide is listed at Oslo Børs.

Important information

This offer document (the “Offer Document“) has been prepared in connection with a mandatory cash offer (the “Offer“) made by Det Stavangerske Dampskibsselskab AS, a limited liability company incorporated under the laws Norway (“DSD” or the “Offeror“), to, on the terms and conditions set forth herein, acquire all issued and outstanding shares of Tide ASA, a public limited liability company incorporated under the laws of Norway (the “Company” or “Tide“), the shares of which are admitted to trading on the Oslo Stock Exchange (“Oslo Børs“) under the ticker symbol “TIDE”. The Offer does not comprise shares in TIDE already held by the Offeror.

The distribution of this Offer Document and the making of the Offer may in certain jurisdictions be restricted by law, including without limitation in the United States, Canada, Australia and Japan. Accordingly, the Offer is not being made and does not constitute an offer or solicitation in these jurisdictions or in any jurisdiction or to any person where the making or acceptance of the Offer or solicitation would be in violation of the laws or regulations of such jurisdiction. The Offeror and the Financial Advisor (as defined below) require persons in possession of this Offer Document and/or considering accepting the Offer to inform themselves about, and to observe, any such restrictions.

This Offer Document and any acceptances of the Offer shall be governed by, and construed in accordance with, Norwegian law. The courts of Norway, with Oslo City Court as legal venue, shall have exclusive jurisdiction to settle any dispute which may arise out of, or in connection with, the Offer Document or any acceptances of the Offer.

By clicking on the link below to view documents available, you will be deemed to have represented and warranted that:

(i) you are not currently located in any jurisdiction where distribution of the documents available on this website is prohibited or restricted, including the United States, Canada, Australia, Hong Kong or Japan;

(ii) it is lawful for you to review and receive copies of the documents on this website, and

(iii) you have read, understand and agree to comply with all of the restrictions set forth above

Yes, I agree No, I disagree

Equity issue

Sole Manager, 2016

PCI Biotech – Rights issue of NOK 70m

 

ABOUT THE DEAL & QUOTES
In 2016, Beringer Finance acted as sole manager in a fully underwritten rights issue for PCI Biotech, raising gross proceeds of NOK 70m.

ABOUT THE CLIENT
PCI Biotech is a cancer focused biopharmaceutical company developing therapeutic products based on its proprietary photochemical internalization (PCI) technology. The PCI technology works by inducing triggered endosomal release and may be used to unlock the true therapeutic potential of a wide array of modalities. PCI Biotech is listed at Oslo Børs.

Important information

This prospectus (the “Prospectus“) has been prepared in order to provide information regarding PCI Biotech Holding ASA (“PCI Biotech“, “PCI Biotech Holding” or the “Company“) and its business in connection with (i) the fully underwritten rights issue (the “Rights Issue“) of 10,000,000 new shares in the Company, (the “New Shares“), (ii) the listing of up to 10,000,000 subscription rights (the “Subscription Rights“) issuable to shareholders who are registered in the Company’s shareholder register as at 12 December 2016 (the Company’s shareholders as at the end of the date of the general meeting held on 8 December 2016 resolving the Rights Issue as evidenced in the VPS in accordance with normal T+2 settlement) (the “Record Date“), and (iii) the listing of the New Shares on Oslo Axess.

For the definitions of terms used throughout this Prospectus, see Section 16 “Definitions and Glossary of Terms” of this Prospectus which also applies to the front-page of this Prospectus.

This Prospectus has been prepared to comply with the Norwegian Securities Trading Act of 29 June 2007 No 75 (the “Securities Trading Act“) and related secondary legislation including EC Commission Regulation EC/809/2004. This Prospectus has been prepared solely in the English language. The Prospectus has been reviewed and approved by the Financial Supervisory Authority of Norway (Nw. Finanstilsynet) (the “Norwegian FSA”) on 13 December 2016 in accordance with Sections 7-7 and 7-8, cf. Section 7-2 of the Norwegian Securities Trading Act. The Norwegian FSA
has not controlled or approved the accuracy or completeness of the information contained in this Prospectus. The Norwegian FSA’s control and approval relate solely to the fact that the Company has included descriptions in accordance with pre-defined checklists of requirements, hereunder checklists III and XXV. Moreover, the Norwegian FSA has not made any form of control or approval relating to corporate law matters described in or otherwise covered by this Prospectus. This Prospectus is valid for a period of 12 months from the date of approval by the Norwegian FSA.

The Company has furnished the information in this Prospectus. Fondsfinans AS (the “Manager“) have been engaged as manager for the Rights Issue.

All inquiries relating to this Prospectus should be directed to the Company or the Manager. No other person has been authorised to give any information about or make any representation on behalf of the Company in connection with the Rights Issue or the listing of the New Shares and, if given or made, such information or representation must not be relied upon as having been authorised by the Company, the Manager or by any of the affiliates, advisors or selling agents of any of the foregoing. Neither the delivery, distribution or publication of this Prospectus nor any sale of New Shares made hereunder or the listing of any New Shares shall under any circumstances create any implication that there has been no change in the Company’s affairs or that the information set forth herein is correct as of any date subsequent to the date hereof.

The information in this Prospectus is as of the date hereof and is subject to change, completion and amendment without notice. Any new material information, material mistake, or inaccuracy that might have an effect on the assessment of the Company’s shares (the “Shares“) arising after the date of publication of this Prospectus and before the New Shares are listed on Oslo Axess, will be published and announced as a supplement to this Prospectus in accordance with Section 7-15 of the Securities Trading Act. Announcements relating to the matters described in this Prospectus will be considered to have been made once they have been received by Oslo Axess and distributed through its information system.

An investment in the Company involves inherent risks. Potential investors should carefully consider the risk factors set out in Section 2 in addition to the other information contained herein before making an investment decision. An investment in the Company is suitable only for investors who understand the risk factors associated with this type of investment and who can afford a loss of all or part of their investment. The contents of this Prospectus are not to be construed as legal, business, financial or tax advice. Each reader of this Prospectus should consult its own legal advisor, business advisor, financial advisor or tax advisor as to legal, business, financial and tax advice. If you are in any doubt about the contents of this Prospectus you should consult your stockbroker, bank manager, lawyer, accountant or other professional advisor.

This Prospectus is subject to Norwegian law, and any dispute arising in respect of this Prospectus is subject to the exclusive jurisdiction of the Norwegian courts with Oslo District Court as legal venue.

The distribution of this Prospectus may be restricted by law in certain jurisdictions. This Prospectus may not be used for the purpose of, and does not constitute, an offer to sell or issue, or a solicitation of an offer to buy or subscribe for, any securities in any jurisdictions in any circumstances in which such offer or solicitation is not lawful or authorised. The Company and the Manager require persons in possession of this Prospectus to inform themselves about and to observe such restrictions.

The New Shares and the Subscription Rights have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws, and may not be offered or sold within the United States. Furthermore, the New Shares and the Subscription Rights may not be offered or sold in or into any other jurisdictions where the offering and sale of the New Shares and the Subscription Rights is restricted by law.

By clicking on the link below to view documents available, you will be deemed to have represented and warranted that:

(i) you are not currently located in any jurisdiction where distribution of the documents available on this website is prohibited or restricted, including the United States, Canada, Australia, Hong Kong or Japan;

(ii) it is lawful for you to review and receive copies of the documents on this website, and

(iii) you have read, understand and agree to comply with all of the restrictions set forth above

Yes, I agree No, I disagree

Equity Issue

Lead Manager, 2016

My Bank – Private placement of NOK 240m

ABOUT THE DEAL & QUOTES
Beringer Finance was retained as sole manager for MyBank’s first market issue of NOK 240 million in 2016.
The equity issue enabled the bank to meet its capital requirements under the conditional banking license obtained from the Norwegian Financial Supervisory Authority in July 2016, and to fund the bank’s operations in accordance with the business plan.

ABOUT THE CLIENT
MyBank is a newly established Norwegian challenger bank offering consumer loans and deposit accounts to online and mobile consumers. MyBank distributes solely through external channels (loan agents), enabling an efficient and highly scalable business model. The founders have extensive experience from retail banking and from establishing and operating loan agents, such as Finansa/Zmarta Group and Norsk Boligfinans. MyBank will commence operations during Q1 2017.

Disclaimer

Please read the following notice carefully before deciding whether to click on the link below. The distribution of information available on this part of the website and the offering of securities discussed herein may, in certain jurisdictions, be restricted by law. The offer is not being made, directly or indirectly, in or into, and will not be capable of acceptance from within, any jurisdiction in which the making of the offer or the acceptance thereof would not be in compliance with the laws of such jurisdiction. Persons viewing the material contained herein should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. MyBank accepts no responsibility for any contravention of applicable securities laws and regulations by individuals as a result of false information provided by such individuals.

The documents available on this part of the website contain information intended only for persons not located in any jurisdiction where the distribution of such documents is prohibited or restricted, including the United States, Canada, Australia, Hong Kong and Japan. These documents are not intended to be furnished or made available to any person or entity resident in the United States, Canada, Australia, Hong Kong or Japan or to any person to whom it is unlawful to furnish or make available such document.

The documents available on this part of the website speak only as of their date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof. The documents available on this part of the website may be updated from time to time and there is no undertaking by Fondsfinans AS to post any such amendments or supplements on this website.

By clicking on the link below to view documents available, you will be deemed to have represented and warranted that:

(i) you are not currently located in any jurisdiction where distribution of the documents available on this website is prohibited or restricted, including the United States, Canada, Australia, Hong Kong or Japan;

(ii) it is lawful for you to review and receive copies of the documents on this website, and

(iii) you have read, understand and agree to comply with all of the restrictions set forth above

Yes, I agree No, I disagree

The application period runs from and including 17 November 2016 to 24 November 2016 at 12:00 hours CET (the “Application Period”). The Company may at its own discretion and without further notice extend or shorten the Application Period at any time and for any reason.

Applications for Offer Shares in the Share Placement will be governed by the terms and conditions set out in the application agreement (including its Exhibits) (the “Application Agreement”), the term sheet (the “Term Sheet”) and the company presentation (the “Company Presentation”) published on this website, all dated 16 November 2016 (collectively referred to as the “Investor Documentation”). By subscribing for Offer Shares the applicant (the “Applicant”) hereby acknowledges to having received the Investor Documentation and accepted the terms set out in the Investor Documentation and that the application and subscription is subject to the terms set out therein.

 

Application Agreement Company Presentation Term Sheet Applicants with a Norwegian BankID may subscribe online here

Equity Issue

Sole Manager, 2016

Tysnes Sparebank – Equity issue

 

About the deal & quotes

In 2016, Beringer Finance acted as sole manager in a private placement and subsequent repair offering for Tysnes Sparebank, totaling NOK 43m. The transaction enabled Tysnes Sparebank to grow within its primary markets while ensuring compliance with regulatory capital requirements.

About the client

Tysnes Sparebank is an independent savings bank and part of the Eika Alliance. The bank offers a complete range of financial services to both retail and corporate clients, including loan and savings products, insurance and pension.

Disclaimer

Please read the following notice carefully before deciding whether to click on the link below. The distribution of information available on this part of the website and the offering of securities discussed herein may, in certain jurisdictions, be restricted by law. The offer is not being made, directly or indirectly, in or into, and will not be capable of acceptance from within, any jurisdiction in which the making of the offer or the acceptance thereof would not be in compliance with the laws of such jurisdiction. Persons viewing the material contained herein should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Tysnes Sparebank accepts no responsibility for any contravention of applicable securities laws and regulations by individuals as a result of false information provided by such individuals.

The documents available on this part of the website contain information intended only for persons not located in any jurisdiction where the distribution of such documents is prohibited or restricted, including the United States, Canada, Australia, Hong Kong and Japan. These documents are not intended to be furnished or made available to any person or entity resident in the United States, Canada, Australia, Hong Kong or Japan or to any person to whom it is unlawful to furnish or make available such document.

The documents available on this part of the website speak only as of their date and shall not, under any circumstances, create any implication that the information contained therein is correct as of any time subsequent to the date thereof. The documents available on this part of the website may be updated from time to time and there is no undertaking by Fondsfinans AS to post any such amendments or supplements on this website.

By clicking on the link below to view documents available, you will be deemed to have represented and warranted that:

(i) you are not currently located in any jurisdiction where distribution of the documents available on this website is prohibited or restricted, including the United States, Canada, Australia, Hong Kong or Japan;

(ii) it is lawful for you to review and receive copies of the documents on this website, and

(iii) you have read, understand and agree to comply with all of the restrictions set forth above

Yes, I agree No, I disagree

Tegningsgrunnlaget for tegning av egenkapitalbevis i Tysnes Sparebank utgjøres av tegningsblankett og prospektet («Tegningsbetingelsene»), som kan lastes ned gjennom lenkene nederst på denne siden. Ved tegning av egenkapitalbevis, enten gjennom fysisk tegningsblankett eller online VPS-tegning, bekrefter tegneren å ha lest og forstått Tegningsbetingelsene. Tegneren er bundet av sin tegning og den kan ikke endres eller trekkes tilbake etter den er mottatt av Banken eller Tilretteleggeren. Tegneren forplikter seg til å betale tegningsbeløpet, dvs. antall tegnede Egenkapitalbevis multiplisert med tegningskursen (NOK 105) på betalingsdatoen.

Eksisterende eiere av egenkapitalbevis i Tysnes Sparebank, unntatt eiere som ble tildelt egenkapitalbevis i den rettede emisjonen gjennomført i oktober 2016, inviteres til å delta i reparasjonsemisjon av inntil 100 000 egenkapitalbevis til tegningskurs NOK 105. Antall tildelte allokeringsretter vil være opplyst på relevante egenkapitalbeviseieres VPS-konto, samt på tegningsblankett sendt via post.

Tidsplan for reparasjonsemisjonen:

Start av tegningsperioden:                                              14. november 2016 kl. 09.00

Avslutning av tegningsperioden:                                   28. november 2016 kl. 16.30

Tildeling og utsendelse av tildelingsbrev:                   Omkring 29. november 2016

Innbetaling ved automatisk belastning av konto:     Omkring 12. desember 2016

Registrering og levering av nye egenkapitalbevis:    Omkring 20. desember 2016

 

Hensiktsmessighetstest:

Tilretteleggeren skal i henhold til verdipapirhandelloven søke å innhente opplysninger om tegneres kunnskap og erfaring med det aktuelle investeringsområdet. Undersøkelsen skal sette Tilretteleggeren i stand til å vurdere om investeringen i Egenkapitalbevis er hensiktsmessig for tegneren. Grunnet tidsaspektet er det mulig at Tilretteleggeren ikke får anledning til å gjennomføre hensiktsmessighetstesten i løpet av tegningsperioden. Med mindre tegneren har fått uttrykkelig beskjed fra Tilretteleggeren om at tegningen anses hensiktsmessig, må tegnerne legge til grunn at Tilretteleggeren anser alle tegninger fra ikke-profesjonelle investorer som ikke hensiktsmessig, og at Tilrettelegger derfor må advare mot investeringen. Dersom tegneren velger å ikke gi de opplysninger som Tilretteleggeren plikter å innhente, eller gir ufullstendige opplysninger, advarer Tilretteleggeren med dette om at det vil være umulig for Tilretteleggeren å vurdere om det er hensiktsmessig for tegneren å delta i Reparasjonsemisjonen.

Hensiktsmessighetstesten for personer som ønsker å tegne via online tegningslink finnes i vedlagt dokument, og det bes om at tegnere fyller ut og returnere skjemaet til oppgjor@fondsfinans.no innen utløpet av tegningsperioden.

Hensiktsmessighetstest

Tegnere som fyller ut manuell tegningsblankett besvarer hensiktsmessighetstesten direkte på tegningsblanketten.

Legitimasjonskontroll:

Emisjonen er underlagt hvitvaskingsloven av 6. mars 2009 nr. 11 og hvitvaskingsforskriften av 13. mars 2009 nr. 302. Tegnere som ikke er eksisterende kunder av Tysnes Sparebank eller Tilrettelegger må fylle ut eget skjema for legitimasjonskontroll og legge dette ved tegningsblanketten ved tegning, eller sende dette til oppgjor@fondsfinans.no dersom du tegner online gjennom VPS.

Skjema for legitimasjonskontroll

Skjema for bekreftelse av rett kopi

Informasjon om elektronisk tegning i VPS

Privatpersoner har anledning til å tegne egenkapitalbevis online i VPS ved å trykke her. Tegningen må gjennomføres før 28. november 2016 kl. 16:30.

Informasjon om tegning med manuell tegningsblankett

Egenkapitalbevisene kan også tegnes på en tegningsblankett i den form som inntatt i Prospektet som vedlegg III (Tegningsblankett). Korrekt utfylte tegningsblanketter må være mottatt av Tilretteleggeren eller Banken senest kl. 16.30 norsk tid den 28. november 2016 på følgende e-post, faks eller adresser:

Tysnes Sparebank
Teiglandsvegen 2
5680 Tysnes
Att: Karoline Dalen
E-post: ekbevis@tysnes-sparebank.no
Fondsfinans
Postboks 1782 Vika
0122 Oslo
Att: Oppgjør
E-post: oppgjor@fondsfinans.no
Faks: 23 11 30 04

For spørsmål om tegning, vennligst ta kontakt med en av følgende kontaktpersoner:

Tysnes Sparebank
Karoline Dalen
Tlf: 975 48 996
E-post: kda@tysnes-sparebank.no
Fondsfinans
Christin Härter (oppgjør)
Tlf: 23 11 30 63
E-post: ch@fondsfinans.no

Prospekt
Tegningsblankett

Block trade

Sole manager, 2016

Block trade

Joint bookrunner, 2016

Bond Issue

Sole manager, 2016

Real Estate Syndication –warehouses sale leaseback

 

About the deal & quotes

In 2016, Beringer Finance & DTZ conducted a capital raise for a real estate syndication of 3 warehouses in a sale leaseback transaction. The transaction involved an equity issue of NOK 75m and bond issue of NOK150m.

About the client

The client was a SPV set up to acquire 3 warehouses in a sale leaseback transaction.

About the company

The company is a leading brand within the Nordic living and building supplies market. The parent company has an annual revenue of approx. NOK 5bn

Equity Issue

Joint lead manager, 2016

Real Estate Syndication – warehouses sale leaseback

 

About the deal & quotes

In 2016, Beringer Finance & DTZ conducted a capital raise for a real estate syndication of 3 warehouses in a sale leaseback transaction. The transaction involved an equity issue of NOK 75m and bond issue of NOK150m

About the client

The client was a SPV set up to acquire 3 warehouses in a sale leaseback transaction

About the company

The company is a leading brand within the Nordic living and building supplies market. The parent company has an annual revenue of approx. NOK 5bn.

Equity Issue

Sole manager, 2016

WaterCircles – Share placement of NOK 242m

 

About the deal & quotes

In 2016, Beringer Finance acted as sole manager in a NOK 242m share placement in the BidCo Summer Sea AS. The proceeds were used  to (i) acquire the Managing General Agent WaterCircles Skandinavia AS and (ii) obtain sufficient solvency capital in order to transform the company into a full service non-life insurance company. Following the acquisition, Summer Sea AS received its license as a regulated insurance company from the NFSA and was renamed Watercircles Forsikring ASA.

About the client

WaterCircles Skandinavia was founded in 2010 as an Managing General Agent (MGA), an insurance agent with underwriting authority from an insurer / carrier. The company is present in Norway, Sweden and Denmark and operates under the brands “WaterCircles” and “Winterbergh”. The company focuses on a closed distribution strategy, resulting in an industry leading claims ratio.

Share buy-back

Manager, 2016

Equity issue

Sole manager, 2016

Tubilah – private placement

ABOUT THE DEAL & QUOTES

In 2016, Beringer Finance acted as sole manager in a private placement providing Tubliah funds to finance a production expansion of farmed halibut .

ABOUT THE CLIENT

Tubilah is a Norwegian halibut farmer with production facilities in Sunnhordaland, Norway. Tubilah provides new production technology for farmed halibut with significantly lower mortality rates.

 

 

 

Attached files

En PDF En länk

Sale of P-Cable to NCS Subsea

Advisor to P-Cable, 2016

Sale of P-Cable 3D Seismic AS to NCS Subsea

 

ABOUT THE DEAL & QUOTES

In 2016, NCS Subsea, a company in the OYO Group of Companies, completed the purchase of P-Cable 3D Seismic AS. Details on the transaction was not disclosed.

ABOUT THE CLIENT

P-Cable 3D Seismic AS has developed, patented and commercialized the P-Cable 3D seismic high resolution survey technology. The technology provides high resolution 3D seismic data allowing for a new level of de-risking in shallow petroleum exploration, and is proven to be one of the best tools for site surveys and geohazard evaluation available.

ABOUT THE COMPANY

NCS Subsea is a premier provider of survey, navigation, positioning, and ultrahigh resolution seismic services to the offshore E&P industry. Based in Stafford, Texas, NCS Subsea was incorporated in November 2004, and executed its first commercial project in January 2005. In 2013, NCS Subsea was acquired by OYO Corporation, an industry leading geoscience and geoengineering firm committed to creating a safe, sustainable, and secure future for mankind through the application of geologic science and technology.

Advisory on framework

Advisor to Ministry of Trade and Industry, 2016

Valuation advisory

Advisor to Ministry of Trade and Industry, 2016

Equity Issue

Joint lead manager, 2016

Sandnes Sparebank – Rights issue of NOK 350m

 

About the deal & quotes

In 2016, Beringer Finance acted as joint lead manager in a fully underwritten rights issue for Sandnes Sparebank, raising gross proceeds of NOK 350m. The transaction ensured compliance with future capital requirements, and facilitated for moderate and profitable growth.

About the client

Sandnes Sparebank is a regional savings bank and part of the Eika-alliance. The bank offers a complete range of financial services to both private and corporate clients, including banking, insurance, real estate and mutual fund products.

Equity Issue

Sole manager, 2016

EasyBank – private placement and repair offering of NOK 200m

 

About the deal & quotes

In 2016, Beringer Finance acted as sole manager in a private placement and subsequent repair offering totaling NOK 200m. The transaction enabled EasyBank to transform from a traditional commercial bank to a niche player within consumer finance and car finance.

About the client

EasyBank was founded as Verdibanken in 2003 as a commercial bank focusing on Christian values. After a successful equity issue of NOK 52m in December 2015, the bank finalized its restructuring process and decided to focus exclusively on consumer- and car financing. The transaction of NOK 200m provided the bank with a buffer to the regulatory capital requirements and enables EasyBank to grow significantly within the new segments.

Issue of regulatory capital

Joint lead manager, 2016

Komplett Bank – NOK 110m issue of Tier 1 and Tier 2 capital

 

About the deal & quotes

In 2016, Beringer Finance acted as joint lead manager in a Tier 1 capital issue of NOK 45m and a Tier 2 capital issue of NOK 65m.

About the client

Komplett Bank is a Norwegian consumer finance provider offering consumer loans, credit cards and deposit accounts to online consumers.

Sale of TeleComputing

Advisor to Ferd, 2016

Advisor to Ferd on the sale of TeleComputing

 

About the deal & quotes

Beringer Finance acted as the exclusive financial advisor to Ferd on its sale of TeleComputing to IK Investment Partners.

About the Client

Ferd is a family-owned Norwegian investment company committed to value-creating ownership of businesses and investments in financial assets. In addition to the group’s purely commercial activities, Ferd has an extensive involvement in social entrepreneurship. Ferd is wholly owned by Johan H. Andresen and family.

About the Company

The TeleComputing Group is a leading provider of complete IT services to the Nordic SMB market. The Group has approximately 850 employees and reported turnover of NOK 1.3 bn in 2014.

 

 

Capital Raise for Florealis

Advisor to Florealis, 2016

About the deal & quotes

Beringer Finance advised Florealis, a herbal medicine pharmaceutical company, on its second seed round. The capital will help Florealis to develop a broad product portfolio and to grow the company’s distribution network. Entering an emerging market, with an easily scalable concept, Florealis aims to become the leading provider of herbaceuticals in EU within the next 10 years.

About the Client

Florealis is a pharmaceutical company providing solutions for people that want to use high quality herbal medicinal products to stay healthy. Their medicines are natural products based on long experience as well as scientific evidence and are approved by European health authorities.

About the Investor

The investor group behind the investment consists of experts from the pharmaceutical industry and angel investors.

Equity Issue

Joint lead manager, 2015

Sparebanken Vest – rights issue of NOK 750m

 

About the deal & quotes

In 2015, Beringer Finance acted as joint lead manager in Sparebanken Vest’s fully underwritten rights issue of NOK 750m. The transaction ensured compliance with future capital requirements, and facilitated for moderate and profitable growth.

About the client

Headquartered in Bergen, Sparebanken Vest is one of the largest independent Norwegian savings banks. The bank is listed on Oslo Stock Exchange and is engaged in banking and financing activities in the counties of Hordaland, Rogaland and Sogn & Fjordane.

Acquisition of Advania

Advisor to AdvInvest, 2015

Acquisition of Advania

 

About the deal & quotes

Beringer Finance was exclusive advisor to AdvInvest on the total acquisition of Advania Group. The transaction means that Iceland‘s largest IT company becomes fully owned by a group of Swedish investors led by Thomas Ivarson.

AdvInvest acquired a 58.5% share in Advania Group in June 2014. The current deal means that AdvInvest will become the sole owner of Advania with the Iceland Enterprise Investment Fund (IEIF) fully divesting it‘s 30% share in the company.

“The Beringer Finance team that has advised and supported us on this transaction has again done an excellent job. I look forward to a continued mutually successful cooperation,” says Thomas from Advinvest.

“We are very pleased and proud of our advisory team in regards of the complete acquisition of Advania, on behalf of AdvInvest. This both represents a great opportunity for our client to further strengthen Advania‘s operations, as well as fulfilling IEIF‘s task of revitalization of the Icelandic economy,” says Adalsteinn Johannsson the MD Partner of Beringer Finance.

About the Client

Advania Hf is an Iceland-based company that provides software, consulting, hardware, information technology operations, hosting, and data center services for corporate clients in the Nordic region. Advania reported revenue of approximately SEK 1.5bn (EUR 159.49m) and has a workforce of more than 1,000 employees.

About the Buyer

AdvInvest, which is the acquirer of Advania’s majority stake, is led by Thomas Ivarson and a group of Swedish investors with vast experience in the Nordic IT industry. The aim of the investment is to strengthen Advania’s core competence in Iceland and use the investors’ network to further increase its presence in the Nordic market. The transaction was financed by Nordic Mezzanine from Helsinki, Finland, which also participated with an equity stake along the buyer group.

Capital raise for Future Group

Placement agent, 2015

Capital raise for Future Group

 

About the deal & quotes

Beringer Finance acted as a placement agent to Future Group, a media technology company, on a B series funding round of NOK 75m. The capital will help fund a territory roll-out and pilot season launch.

About the Client

Future Group is a leading interactive mixed reality technology company providing tools for TV, broadcast and entertainment applications in virtual and augmented reality. The company introduces a combined TV, gaming and product experience within a social context, creating a new media platform with world-wide distribution.

About the Investors

The investor group behind the investment consists of institutional investors, family offices and a strategic partner.

 

 

 

Acquisition of Knowledge Factory

Advisor to Advania, 2015

Acquisition of Knowledge Factory

About the deal & quotes

Beringer Finance advised Advania Sweden in its acquisition of Knowledge Factory Consulting, a specialized IT infrastructure consultancy business with offices in Stockholm, Västerås and Oslo and more than 30 FTE’s. Knowledge Factory launched the Norwegian branch last year and the Company sees great potential for substantial growth in the market going forward.

The acquisition of Knowledge Factory is an important step in Advania’s future development and to cater its clients request for a full-service provider. Knowledge Factory will be integrated in the Advania Group but will remain an independent business area that will initially continue to operate under the Knowledge Factory brand. The CEO of Knowledge Factory, Tobias Öien, will remain as head of the new business area in the Advania Group.

About the Client

Advania Hf is an Iceland-based company that provides software, consulting, hardware, information technology operations, hosting, and data center services for corporate clients in the Nordic region. Advania reported revenue of approximately SEK 1.5bn (EUR 159.49m) and has a workforce of more than 1,000 employees.

About the Company

Knowledge Factory delivers infrastructure solutions based on the latest cutting edge technologies. Knowledge Factory reported revenue of SEK 25m (EUR 2.66m) in 2014 and has a workforce of 35 employees with three offices in the Nordics.

Acquisition of YaBank

Advisor to Resurs Bank, 2015

Resurs Bank – Acquisition of yA Bank by Resurs Bank

 

About the deal & quotes

In July 2015, yA Holding entered into a share purchase agreement for the sale of yA Bank and Metatech to Resurs Bank for a total cash consideration of NOK 1.58bn. Beringer Finance acted as sole financial advisor to Resurs Bank in connection with the transaction.

About the client

Resurs Bank is a fast-growing niche bank offering savings accounts, point of sales financing, unsecured consumer loans, insurance and credit cards. The bank has operations in Sweden, Denmark, Norway and Finland. The bank’s majority owner is Nordic Capital Fund VII.

About the company

yA Bank is an internet-based consumer finance bank focusing on the Norwegian retail market. The bank provides a combination of deposit accounts, unsecured consumer loans and credit cards.

Bond Issue

Sole manager, 2015

WaterCircles – Senior secured bond issue of NOK 50m

 

About the deal & quotes

In 2015, Beringer Finance acted as sole manager in a NOK 50m senior unsecured bond issue for WaterCircles. The proceeds were used for refinancing and general corporate purposes.

About the client

WaterCircles was, at the time of the transaction, a Managing General Agent (MGA), an insurance agent with underwriting authority from an insurer / carrier.

 

 

Acquisition of Tolvumidlun

Advisor to Advania Iceland, 2015

Acquisition of Tolvumidlun

About the deal & quotes

Beringer Finance advised Advania Iceland in the acquisition of Tolvumidlun, one of Iceland’s leading software companies. Tolvumidlun´s core focus is to develop and sell business software applications including payroll and human resource solutions. The acquisition will strengthen Advania’s solution capabilities and increases the value the company is able to provide to its clients.

The acquisition will also enable Advania to provide better customer services by cross selling and integration of time recording- and human resource solutions. The transaction is subject to competition authority approval.

About the Client

Advania Hf, is an Iceland-based company that provides software, consulting, hardware, information technology operations, hosting, and data center services for corporate clients in the Nordic region. Advania reported revenue of approximately SEK 1.5bn (EUR 159.49m) and has a workforce of more than 1,000 employees.

About the Company

Tolvumidlun Ltd, is an Iceland-based engaged in offering software solutions in the area of payroll, finance, and human resources management systems. Tolvumidlun has workforce of 35 employees. Formed in 1985, Tolvumidlun is one of Iceland’s oldest software companies.

Equity Issue

Joint lead manager, 2015

Komplett Bank – private placement of NOK 150m

 

About the deal & quotes

In 2016, Beringer Finance acted as joint lead manager in a NOK 150m private placement. The proceeds were used to finance growth and banking operations.

About the client

Komplett Bank is a Norwegian-based consumer finance provider offering consumer loans, credit cards and deposit accounts to online consumers.

 

 

Acquisition of Hringras

Advisor to Geothermal Metal Recycling, 2015

Acquisition of Hringras

About the deal & quotes

Beringer Finance was selected exclusive advisor to Geothermal Metal Recycling on the acquisition of Hringras, Icelands oldest and largest recycling company. The transaction will enhance the growth of GMR´s business in international markets.

About the Client

GMR runs a state of the art steel recycling plant in Iceland, selling top grade steel products to the aluminum industry worldwide. The acquisition of Hringrás paves the way for a rapid growth of GMR´s business in international markets.

About the Company

Hringrás is Iceland´s oldest and largest recycling company.

Acquisition of Metalliset Group

Advisor to Hanza Holding, 2015

Acquisition of Metalliset Group

About the deal & quotes

Beringer Finance advised Hanza Holding in its acquisition of Metalliset Group, a parent company in an international manufacturing group with a turnover of 375 MSEK and an EBITDA of 45 MSEK. Metalliset will be a valuable addition to Hanza Group AB existing mechanical division and both the firms will work towards their expansion. The acquisition will enable Hanza Group AB to create a profitable and financially stable group. Metalliset Oy’s customers will benefit from new possibilities created as a result of the integration with complete manufacturing facility and manufacturing solutions of Hanza Group AB.

About the Client

Hanza Group AB is a listed Swedish company providing design, material sourcing, manufacturing, industrialization, and logistics services. The company operates primarily as a holding company with interests in the mechanics and electronics industry in Sweden. The company, with registered head office located in Sweden, was incorporated in January 2008. As a holding company, it is active in the ownership of enough voting stock in other companies to control management and operations by influencing or electing their board of directors.The company’s subsidiaries include Hanza AB, one of the leading complete contract manufacturers in the Nordic countries in mechanics (sheet metal and machining), electronics and cabling.

About the Company

The company is a Finland based enterprise engaged in the manufacture and sale of fabricated structural metal products. It operates its business primarily in the domestic market. The company was incorporated in the year 1989. Its registered business office is based in Heinavesi, Finland.The company comprises its business activities in fabricating iron and steel and other metal products for structural purposes, such as bridges, buildings, and sections for ships, boats, and barges. It is also involved in the manufacture of metal doors, sash, frames, molding, and trim.

Strategic advisory to Fusion Health

Advisor to Fusion Health, 2015

About the deal & quotes

Beringer Finance has provided strategic advisory services to Fusion Health. Under the agreement Beringer Finance assisted Fusion Health with assessment of inorganic growth alternatives, screening of potential acquisition targets, proposal of potential transaction structure as well as project management and co-ordination.

About the Client

Fusion Health, sleep health technology company that provides employers and healthcare systems with population-based, connected care solutions to address the central problem of poor sleep health. The company was incorporated in the year 2009. Its registered business office is based in Georgia, USA.

Share buy-back

Manager, 2015

Repurchase of Tier 1 hybrid capital

Sole manager, 2014

Equity Issue

Sole manager, 2015

Fairness opinion

Advisor to Agrinos, 2014

Equity Issue

Joint lead manager, 2015

Block trade and launch of mandatory offer

Advisor to Habu Holding, 2014

Merger Klepp Sparebank & Time Sparebank

Advisor to Klepp Sparebank, 2014

Merger between Klepp Sparebank and Time Sparebank – Valuation advisor to Klepp Sparebank

 

About the deal & quotes

In 2014, Beringer Finance acted as valuation advisor to Klepp Sparebank in the merger between Klepp Sparebank and Time Sparebank. The combined entity was renamed Jæren Sparebank and had, at the time of the transaction, a book value of equity of NOK 1.2bn.

About the client

Jæren Sparebank is an independent local savings bank and part of the Eika-alliance. The bank is listed on Oslo Stock Exchange and offers services within savings, insurance, financing, payments and real estate.

 

 

Acquisition of minority stake

Advisor to Sandnes Sparebank, 2014

Voluntary offer and delistsing

Advisor to R.Domstein & Co, 2014

Divestment

Advisor to NWM, 2014

Aquisition of SIM

Advisor to Ragn-Sells, 2014

Equity Issue

Joint lead manager, 2014

Equity Issue – B2 Holding

 

About the deal & quotes

In 2014, Beringer Finance acted as joint lead manager in an equity issue of NOK 350m.

About the client

B2Holding is a European financial services provider focusing on non-performing loans as well as providing third party debt collection solutions. Its strategy involves identifying the right investments in non-performing debt portfolios and acquiring and developing operational companies with strong segment positions in Central Eastern Europe.

Majority Acquisition of Advania

Advisor to AdvInvest, 2014

Majority Acquisition of Advania

About the deal & quotes

Beringer Finance was the exclusive financial advisor to AdvInvest in a transaction to buy a majority stake in the Advania Group – a major Nordic IT consultancy company. Advania has annual revenues of more than 1,5 bSEK and over 1.100 employees, with operations in Sweden, Norway and Iceland.

The deal to acquire a majority stake in Advania hf. was originated and brokered by Beringer Finance. The Acquisition was one of the largest transactions in Iceland in recent years and presents a significant foreign direct investment in an Icelandic enterprise.

The transaction will enable AdvInvest to further strengthen Advania‘s operations, as well as support IEIF‘s task of revitalization of the Icelandic economy.

About the Client

Advania Hf, is an Iceland-based company that provides software, consulting, hardware, information technology operations, hosting, and data center services for corporate clients in the Nordic region.

About the Buyer

AdvInvest is led by Thomas Ivarson and a group of Swedish investors with vast experience from the IT industry. The aim of the investment is to strengthen Advania’s core competence and use the investors’ network to further increase its presence in the Nordic market. The transaction was financed by Nordic Mezzanine which also participated with an equity stake along the buyer group.

Corporate advisory to Advania

Advisor to Advania Hf, 2014

About the deal & quotes

Beringer Finance has provided Advania with corporate advisory ranging in Iceland, Norway and Sweden including strategic alternative evaluations, refinancing and helping the company prepare for a possible IPO. Beringer Finance will continue to work with and support the company and its owners in the coming years.

About the Client

Advania Hf, is an Iceland-based company that provides software, consulting, hardware, information technology operations, hosting, and data center services for corporate clients in the Nordic region. Advania reported revenue of approximately SEK 1.5bn (EUR 159.49m) and has a workforce of more than 1,000 employees.

Sale of Cermaq to Mitsubishi

Sole advisor to Cermaq, 2014

Sale of Cermaq to Mitsubishi Corporation

 

About the deal & quotes

In September 2014, Mitsubishi launched a voluntary offer to acquire the outstanding shares of the listed leading salmon farmer Cermaq ASA for a consideration of NOK 8.9bn in cash. Beringer Finance acted as the sole financial advisor to Cermaq ASA during sell-side process towards Mitsubishi Corporation.

About the client

Cermaq is one of the world’s largest salmon farmers with a sales volume of 138 000t GWE in 2014. The company has operations in Chile, Canada and Norway employing 4,000 people. Cermaq had an operating revenue NOK 5.6bn in 2014. A key principle for Cermaq is responsible salmon farming and the company oblige by the ASC standard requiring 3rd party verification that the salmon farming has minimal environmental impact.

About the company

Mitsubishi Corporation is a globally integrated conglomerate that develops and operates businesses across several industries including industrial finance, energy, metals, machinery, chemicals, and daily living essential. Mitsubishi Corporation has over 200 offices and subsidiaries in more than 90 countries, employing more than 68,000 people.

Strategic advisory to Klakki

Advisor to Klakki, 2014

About the deal & quotes

Beringer Finance was strategic advisor to Klakki and has provided the company with valuation and market insight as well as evaluating with the company the strategic alternatives it faces with its asset portfolio.

About the Client

Klakki ehf is a holding company mostly owned by Icelandic and foreign financial institutions and pension funds. The company’s main assets are Lýsing hf. and other smaller assets.

Block trade

Sole manager, 2014

Equity Issue

Joint lead manager, 2014

Equity Issue – B2 Holding

 

About the deal & quotes

In 2014, Beringer Finance acted as joint lead manager in an equity issue of NOK 600m.

About the client

B2Holding is a European financial services provider focusing on non-performing loans as well as providing third party debt collection solutions. Its strategy involves identifying the right investments in non-performing debt portfolios and acquiring and developing operational companies with strong segment positions in Central Eastern Europe.

 

 

IPO

Sole manager, 2014

IPO of Scanship at NOK 306m market capitalization

About the deal & quotes

In 2014, Beringer Finance was the sole financial advisor to Scanship in their initial public offering on Oslo Axess. The offering comprised of a primary offering and a secondary sale of existing shares. Approximately 77 % of the shares in the Offering were allotted to investors in the institutional offering and approximately 23 % of the shares were allotted to investors in the retail offering.

About the Client

Scanship is a maritime industry leader in advanced technologies for processing waste and purifying water. Owners operating Scanship systems have the solutions to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent which meets the highest international discharge standards.

 

 

Share buy-back

Manager, 2014

Equity Issue

Joint lead manager, 2014

Komplett Bank – private placement of NOK 190m

 

About the deal & quotes

In 2014, Beringer Finance acted as joint lead manager in connection with Komplett Bank’s share placement of NOK 190m. The equity issue enabled the bank to meet capital requirements under the banking license as well as finance banking operations.

About the client

Komplett Bank is a Norwegian-based consumer finance provider offering consumer loans, credit cards and deposit accounts to consumers over the internet.

 

 

Bond Issue

Co-manager, 2014

Senior secured tap issue – TiZir Ltd

 

About the deal & quotes

In 2014, Beringer Finance acted as financial advisor to TiZir Ltd in a senior secured tap issue. The Issuer raised its first bond issue of USD 150m in September 2012 with the purpose of partially financing the construction of the Grande Cote Mine. TiZir Ltd increased the size of the bond issue from USD 150m through a senior secured tap issue of USD 125m.

About the client

TiZir Ltd is one of the leading suppliers of raw materials for the titanium dioxide industry through mining and processing of mineral sands resources. TiZir Ltd is a UK based entity owned 50/50 by Mineral Deposits of Australia and Eramet of France. It owns the world-class Grande Côte Mineral Sands Project in Senegal and the Tyssedal ilmenite upgrading facility in Norway.

Block trade

Joint lead manager, 2014

Offer to acquire

Advisor to Ministry of Trade and Industry, 2013

Offer to acquire Cermaq from Marine Harvest

 

About the deal & quotes

In 2013, Marine Harvest launched an offer for Cermaq depending on Cermaq not pursuing a previously announced share purchase in Copeinca. Beringer Finance was hired by the Norwegian Government (43.54% ownership in Cermaq) to act as their financial advisor with regards to the offer from Marine Harvest. The Norwegian Government replied to the offer from Marine Harvest by increasing their stake in Cermaq.  As a result, Marine Harvest informed the market that it would not complete the voluntary offer and that all acceptances had been released.

This process led to the later sale of Cermaq to Mitsubishi Corporation where Fondsfinans acted as sole financial advisor to Cermaq.

About the client – Fondsfinans represented the Norwegian Government (majority owner)

Cermaq is one of the world’s largest salmon farmers with a sales volume of 138 000t GWE in 2014. The company has operations in Chile, Canada and Norway employing 4,000 people. Cermaq had an operating revenue NOK 5.6bn in 2014. A key principle for Cermaq is responsible salmon farming and the company oblige by the ASC standard requiring 3rd party verification that the salmon farming has minimal environmental impact.

About the company& quotes

Marine Harvest is the world’s largest salmon farmer with farming presence in Norway, Chile, Canada, Scotland, Ireland and the Faroe Islands and the company is listed on the Oslo Stock Exchange and the New York Stock Exchange.  The company is a fully integrated salmon company focusing on smolt production, farming and further processing. Marine Harvest had a turnover of NOK 28bn in 2015 and has 12 500 employees.

Merger Spare­banken Sør & Pluss

Mutual advisor, 2013

Sparebanken Sør – Mutual advisor in the merger between Sparebanken Sør and Sparebanken Pluss

 

About the deal & quotes

In 2013, Beringer Finance acted as mutual advisor in the merger between Sparebanken Sør and Sparebanken Pluss. The combined entity had a book value of equity of NOK 6.6bn at the time of closing.

About the client

Headquartered in Kristiansand, Sparebanken Sør is one of the largest independent Norwegian savings banks. The bank is listed on Oslo Stock Exchange and provides products within savings, loans, domestic and international payment services, insurance, securities and leasing/factoring.

 

 

 

Majority share purchase by Seadrill

Advisor to Sevan Drilling, 2013

Issue of Regulatory Capital

Sole manager, 2013

Equity issue and debt restructuring

Sole manager, 2013

Block trade

Joint lead manager, 2013

Share purchase in Copeinca by Cermaq

Advisor to Ministry of Trade and Industry, 2013

Sale to Powel

Advisor to Cascade, 2013

Block trade

Sole manager, 2013

Issue of Regulatory Capital

Sole manager, 2013

Sale to Austevoll Seafood

Advisor to Norway Pelagic, 2013

Bond Issue

Co-manager, 2012

Bond issue

Sole manager, 2012

Equity Issue

Sole manager, 2012

Issue of Convertible bond

Sole manager, 2012

Equity Issue

Sole manager, 2012

Divestment of production plant

Advisor to Domstein, 2012

Issue of regulatory capital

Joint bookrunner, 2012

Sparebanken Vest – NOK 700m issue of Tier 1 and Tier 2 capital

 

About the deal & quotes

In 2012, Beringer Finance acted as joint bookrunner in Sparebanken Vest’s Tier 1 capital issue of NOK 325m and Tier 2 capital issue of NOK 375m.

About the client

Headquartered in Bergen, Sparebanken Vest is one of the largest independent Norwegian savings banks. The bank is listed on Oslo Stock Exchange and is engaged in banking and financing activities in the counties of Hordaland, Rogaland and Sogn & Fjordane.

Equity Issue

Sole manager, 2012

Equity Issue

Equity Issue, 2012

Equity issue – Villa Organic

 

About the deal & quotes

In 2012, Beringer Finance acted as sole manager in an equity issue in Villa Organic.

About the client

Villa Organic AS was a fully integrated aquaculture company with activities throughout the value chain. Farming operations are located in Finnmark. The group had a total of 16 licenses for production of salmon, harvesting 13,000 tonnes in 2013. The Villa Organic was later acquired by Salmar & Lerøy Seafood.

 

 

Bond Issue

Sole manager, 2012

Senior secured bond issue – Villa Organic

 

About the deal & quotes

In 2012, Beringer Finance acted as financial advisor to Villa Organic AS in a senior secured bond issue. The senior unsecured bond had a three year tenor and an interest of NIBOR + 8.00%. The purpose of the bond issue was to refinance existing bond debt and for general corporate purposes. In connection with the new bond issue, Villa Organic re-purchased NOK 200m of existing outstanding bonds.

About the client

Villa Organic AS was a fully integrated aquaculture company with activities throughout the value chain. Farming operations are located in Finnmark. The group had a total of 16 licenses for production of salmon, harvesting 13,000 tonnes in 2013. The Villa Organic was later acquired by Salmar & Lerøy Seafood.


 

Bond Issue

Sole manager, 2011

Unsecured bond for Arendals Fossekompani

About the deal & quotes

Beringer Finance acted as the sole manager to Arendals Fossekompani in the issue of a senior unsecured bond of NOK 300m with a maturity of 10 years. The proceeds from the bond issue is for general corporate purposes. By issuing bonds the company expands its funding base, and opens for more flexible and efficient funding in the future. The bond market offer competitive credit margins versus the banks, and the opportunity to for longer dated maturities. The company intends to maintain a mix of bank loans and bonds for the long term funding of the company.

About the Client

Arendals Fossekompani is a diversified Power and Investment Group, listed on the Oslo Stock Exchange. In 2010, the Company had a turnover of NOK 1.5bn and c. 870 employees. The traditional business in the company is power production from three  lifelong power plants, with annual production of about 475 GWh. Over the recent years the company has built up a substantial company and investment portfolio, including Kongsberg Gruppen and Glamox.

About the Investors

The investors in the bond issue were pre-dominantly Norwegian institutions/pension funds.

 

 

Acquisition of Strøm Gundersen

Buy-side advisor to AF Gruppen, 2011

Acquisition of Strøm Gundersen Group

 

About the deal & quotes

Beringer Finance advised the AF Group on the acquisition of 84.5% stake in Strøm Gundersen AS. The transaction prices the companies of the Strøm Gundersen group at a combined value of NOK 997m on a 100 % basis before correction for minority interests.

Pål Egil Rønn, CEO of the AF Group, commented: “The companies in the Strøm Gundersen group are solid  building and construction contractors that can point to good performance over the course of time. The Strøm Gundersen group complements AF geographically and brings specialist expertise in renovation in the building and construction market. The companies of   the Strøm Gundersen group represent an exciting platform for future development”

About the Client

AF Gruppen ASA, the listed Norway-based industrial company headquartered in Oslo, is engaged in the civil engineering, construction, property, energy, environmental and offshore sectors.

About the Company

The Strøm Gundersen group is a leading and significant building and construction contractor. In 2010, the Strøm Gundersen group had a total turnover of NOK 941m and has indicated that in 2011 it expects a turnover of about NOK 1.2 bn.

Bond refinancing

Manager, 2011

Merger Sparebanken Vest & Hardanger

Mutual advisor, 2011

Sparebanken Vest’s acquisition of Sparebanken Hardanger – advisor to Sparebanken Vest

 

About the deal & quotes

During second half of 2011, Beringer Finance acted as mutual advisor in Sparebanken Vest’s acquisition of Sparebanken Hardanger for a total consideration of NOK 528m.

About the client

Headquartered in Bergen, Sparebanken Vest is one of the largest independent Norwegian savings banks. The bank is listed on Oslo Stock Exchange and is engaged in banking and financing activities in the counties of Hordaland, Rogaland and Sogn & Fjordane.

Sale to to Procuritas

Advisor to Arendals Fossekompani, 2011

Equity Issue

Sole manager, 2011

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Yes, I agree No, I disagree

Tier 1 hybrid capital issue

Sole manager, 2011

Private placement

Sole manager, 2010

Capital Raise for Siem Offshore

 

About the deal & quotes

Fondsfinans acted as sole manager to Siem Offshore on a NOK 350m private placement, representing 10% of the outstanding shares in the Company. Terje Sørensen, CEO of Siem Offshore, commented: “We are pleased to see this equity issue in place and that the financing of the Brazilian new-building commitments announced in second half of 2009 is now completed. Moreover, some of the proceeds will fund commercialization and product development in the subsidiary Siem WIS and will enable us to seize growth opportunities that arise. We now have an even stronger foundation to further build this company as a leading operator of advanced deep-water service vessels to the offshore oil industry and to take advantage of opportunities that exist in the current business environment.”

About the client

Siem Offshore is an operator of modern support vessels for the global oil and gas industry. The Group had 33 vessels in operation and 9 vessels under construction at the end of December 2010. The Company’s shares are listed on the Oslo Stock exchange.

About the Investors

The private placement was directed towards professional international investors.

Equity Issue & debt restructuring

Sole manager, 2010

Restructuring: Equity raise and debt restructuring – NorSun

 

About the deal & quotes

In 2014, Beringer Finance acted as sole manager in a restructuring of NorSun involving an equity issue.

About the client

NorSun was established in 2005 by Dr. Alf Bjørseth’s company Scatec. At their facility in Årdal, Norway, NorSun began production of mono-crystalline ingots in early 2008. They later expanded to wafer production in mid 2009. NorSun is currently an established supplier to tier-one cell manufacturers and are operating state-of-the-art production facilities.

Equity Issue

Joint lead manager, 2010

Sparebanken Vest – Equity issue of NOK 618m

 

About the deal & quotes

In first half of 2010, Fondsfinans acted as joint lead manager in Sparebanken Vest’s equity issue totaling NOK 618m. The proceeds were used to partially redeem a NOK 960m Tier 1 bond issued to the Norwegian State Finance Fund.

About the client

Headquartered in Bergen, Sparebanken Vest is one of the largest independent Norwegian savings banks. The bank is listed on Oslo Stock Exchange and is engaged in banking and financing activities in the counties of Hordaland, Rogaland and Sogn & Fjordane.

Sale to Morpol ASA

Advisor to Cermaq, 2010

Equity Issue

Manager, 2010

Equity issue and bond refinancing

Manager, 2010

Equity Issue

Sole manager, 2010

M&A advisory & Equity Issue

Advisor to Goodtech, 2010

Equity Issue

Sole manager, 2010

Issue of Tier I capital

Joint lead manager, 2010

Sparebanken Vest – NOK 400m issue of Tier 1 capital

 

About the deal & quotes

In 2010, Fondsfinans acted as joint lead manager in Sparebanken Vest’s Tier 1 capital issue of NOK 400m. The proceeds were used to complete the bank’s refinancing of the hybrid capital issued to the Norwegian State Finance Fund.

About the client

Headquartered in Bergen, Sparebanken Vest is one of the largest independent Norwegian savings banks. The bank is listed on Oslo Stock Exchange and is engaged in banking and financing activities in the counties of Hordaland, Rogaland and Sogn & Fjordane.

 

 

Block trade

Manager, 2009

Bond issue

Advisor to Lotos E&P, 2009

Acquisition of Luxo

Advisor to Glamox, 2009

Acquisition of Wavefield Inseis ASA

Advisor to CGG Veritas, 2009

Private placement

Sole manager, 2009

Acquisition of Sauda Sparebank

Advisor to Sparebanken Vest, 2009

Equity Issue

Sole manager, 2009

Equity Issue

Advisor to Ministry of Trade, 2009

Equity Issue

Sole manager, 2008

Fairness Opinion

Advisor to Aker Drilling, 2008

Sale of EEX shares to Eurex

Advisor to Nordpool, 2008

Demerger and capital raising

Joint lead manager, 2008

IPO & Equity Issue

Joint lead manager, 2008

M&A advisory

Advisor to Nordpool, 2008

Bond Issue

Advisor to Roxar, 2008

Advisory and capital raising

Advisor, 2008

M&A advisory

Sole manager, 2008

Equity issue and convertible bond

Sole manager, 2008

Sale of Lingit

Joint Financial Advisor

Undisclosed

2017

Mandatory offer

Sole Manager

NOK 643M

2016

Equity issue

Sole Manager

NOK 70M

2016

Equity Issue

Lead Manager

NOK 240M

2016

Equity Issue

Sole Manager

NOK 43M

2016

Block trade

Sole manager

NOK 145M

2016

Block trade

Joint bookrunner

NOK 142M

2016

Bond Issue

Sole manager

nok 150m

2016

Equity Issue

Joint lead manager

nok 75m

2016

Equity Issue

Sole manager

nok 240m

2016

Share buy-back

Manager

Undisclosed

2016

Equity issue

Sole manager

Undisclosed

2016

Sale of P-Cable to NCS Subsea

Advisor to P-Cable

Undisclosed

2016

Advisory on framework

Advisor to Ministry of Trade and Industry

Undisclosed

2016

Valuation advisory

Advisor to Ministry of Trade and Industry

Undisclosed

2016

Equity Issue

Joint lead manager

nok 350m

2016

Equity Issue

Sole manager

nok 200m

2016

Issue of regulatory capital

Joint lead manager

nok 110m

2016

Sale of TeleComputing

Advisor to Ferd

undisclosed

2016

Capital Raise for Florealis

Advisor to Florealis

Undisclosed

2016

Equity Issue

Joint lead manager

nok 750m

2015

Acquisition of Advania

Advisor to AdvInvest

Undisclosed

2015

Capital raise for Future Group

Placement agent

nok 75m

2015

Acquisition of Knowledge Factory

Advisor to Advania

Undisclosed

2015

Acquisition of YaBank

Advisor to Resurs Bank

nok 1,580m

2015

Bond Issue

Sole manager

nok 50m

2015

Acquisition of Tolvumidlun

Advisor to Advania Iceland

Undisclosed

2015

Equity Issue

Joint lead manager

nok 150m

2015

Acquisition of Hringras

Advisor to Geothermal Metal Recycling

Undisclosed

2015

Acquisition of Metalliset Group

Advisor to Hanza Holding

Undisclosed

2015

Strategic advisory to Fusion Health

Advisor to Fusion Health

Undisclosed

2015

Share buy-back

Manager

nok 85m

2015

Repurchase of Tier 1 hybrid capital

Sole manager

nok 150m

2014

Equity Issue

Sole manager

nok 52m

2015

Fairness opinion

Advisor to Agrinos

nok 115m

2014

Equity Issue

Joint lead manager

nok 70m

2015

Block trade and launch of mandatory offer

Advisor to Habu Holding

Undisclosed

2014

Merger Klepp Sparebank & Time Sparebank

Advisor to Klepp Sparebank

nok 1,185m

2014

Acquisition of minority stake

Advisor to Sandnes Sparebank

Undisclosed

2014

Voluntary offer and delistsing

Advisor to R.Domstein & Co

Undisclosed

2014

Divestment

Advisor to NWM

Undisclosed

2014

Aquisition of SIM

Advisor to Ragn-Sells

nok 135m

2014

Equity Issue

Joint lead manager

nok 350m

2014

Majority Acquisition of Advania

Advisor to AdvInvest

Undisclosed

2014

Corporate advisory to Advania

Advisor to Advania Hf

Undisclosed

2014

Sale of Cermaq to Mitsubishi

Sole advisor to Cermaq

nok 8,900m

2014

Strategic advisory to Klakki

Advisor to Klakki

Undisclosed

2014

Block trade

Sole manager

nok 191m

2014

Equity Issue

Joint lead manager

nok 600m

2014

IPO

Sole manager

nok 80m

2014

Share buy-back

Manager

nok 140m

2014

Equity Issue

Joint lead manager

nok 190m

2014

Bond Issue

Co-manager

nok 750m

2014

Block trade

Joint lead manager

nok 104m

2014

Offer to acquire

Advisor to Ministry of Trade and Industry

nok 14,400m

2013

Merger Spare­banken Sør & Pluss

Mutual advisor

nok 6,600m

2013

Majority share purchase by Seadrill

Advisor to Sevan Drilling

nok 6,300m

2013

Issue of Regulatory Capital

Sole manager

nok 500m

2013

Equity issue and debt restructuring

Sole manager

nok 100m

2013

Block trade

Joint lead manager

nok 113m

2013

Share purchase in Copeinca by Cermaq

Advisor to Ministry of Trade and Industry

nok 4,860m

2013

Sale to Powel

Advisor to Cascade

Undisclosed

2013

Block trade

Sole manager

nok 634m

2013

Issue of Regulatory Capital

Sole manager

nok 50m

2013

Sale to Austevoll Seafood

Advisor to Norway Pelagic

nok 1,300m

2013

Bond Issue

Co-manager

nok 900m

2012

Bond issue

Sole manager

nok 400m

2012

Equity Issue

Sole manager

nok 200m

2012

Issue of Convertible bond

Sole manager

nok 60m

2012

Equity Issue

Sole manager

nok 108m

2012

Divestment of production plant

Advisor to Domstein

Undisclosed

2012

Issue of regulatory capital

Joint bookrunner

nok 700m

2012

Equity Issue

Sole manager

nok 118m

2012

Equity Issue

Equity Issue

Undisclosed

2012

Bond Issue

Sole manager

nok 100m

2012

Bond Issue

Sole manager

nok 300m

2011

Acquisition of Strøm Gundersen

Buy-side advisor to AF Gruppen

nok 607m

2011

Bond refinancing

Manager

nok 50m

2011

Merger Sparebanken Vest & Hardanger

Mutual advisor

nok 528m

2011

Sale to to Procuritas

Advisor to Arendals Fossekompani

nok 234m

2011

Equity Issue

Sole manager

nok 75m

2011

Tier 1 hybrid capital issue

Sole manager

nok 500m

2011

Private placement

Sole manager

Nok 349m

2010

Equity Issue & debt restructuring

Sole manager

nok 250m

2010

Equity Issue

Joint lead manager

nok 618m

2010

Sale to Morpol ASA

Advisor to Cermaq

nok 350m

2010

Equity Issue

Manager

nok 179m

2010

Equity issue and bond refinancing

Manager

nok 420m

2010

Equity Issue

Sole manager

nok 90m

2010

M&A advisory & Equity Issue

Advisor to Goodtech

nok 350m

2010

Equity Issue

Sole manager

nok 150m

2010

Issue of Tier I capital

Joint lead manager

Nok 400m

2010

Block trade

Manager

nok 685m

2009

Bond issue

Advisor to Lotos E&P

nok 230m

2009

Acquisition of Luxo

Advisor to Glamox

nok 110m

2009

Acquisition of Wavefield Inseis ASA

Advisor to CGG Veritas

nok 1,900m

2009

Private placement

Sole manager

nok 900m

2009

Acquisition of Sauda Sparebank

Advisor to Sparebanken Vest

nok 160m

2009

Equity Issue

Sole manager

Nok 500m

2009

Equity Issue

Advisor to Ministry of Trade

nok 14,000m

2009

Equity Issue

Sole manager

nok 800m

2008

Fairness Opinion

Advisor to Aker Drilling

nok 3,600m

2008

Sale of EEX shares to Eurex

Advisor to Nordpool

nok 400m

2008

Demerger and capital raising

Joint lead manager

nok 110m

2008

IPO & Equity Issue

Joint lead manager

nok 600m

2008

M&A advisory

Advisor to Nordpool

nok 2,300m

2008

Bond Issue

Advisor to Roxar

nok 400m

2008

Advisory and capital raising

Advisor

nok 825m

2008

M&A advisory

Sole manager

nok 250m

2008

Equity issue and convertible bond

Sole manager

nok 76m

2008

We currently have no ongoing transactions that are open to the public.

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