Milbank LLP advised Storskogen Group AB in connection with its initial public offering and listing of its shares on Nasdaq Stockholm. The total value of the offering amounted to SEK 13.4 billion (US$ 1.5 billion), which represents the largest offering in Stockholm this year. The shares commenced trading on Nasdaq Stockholm on October 6, 2021.
Storskogen is a fast-growing owner of small and medium-sized enterprises within the business areas of industry, trade and services in the Nordic countries, DACH and the United Kingdom. At the end of the first half-year of 2021, Storskogen consisted of 94 business units with a total of approximately 7,000 employees and generated an Adjusted RTM EBITDA of SEK 2,601 million (US$ 296 million).
The Milbank team was led by Capital Markets partner David Dixter and included Capital Markets associate Maria C. Schweinberger, Global Corporate associate Sarah Ullathorne and New York Tax partner Andrew Walker.
