Wikborg Rein assisting NORBIT ASA on its NOK 200 million private placement
We have had the pleasure of assisting NORBIT ASA (OSE: "NORBT") on its successfully completed private placement of new ordinary shares, raising gross proceeds of approximately NOK 200 million.
The private placement attracted strong interest from high quality investors, and was multiple times oversubscribed.
The net proceeds from the private placement will be used to partially finance the acquisition of 100% of the equity interest in Innomar Technologie GmBH ("Innomar"), to strengthen the Company's financial flexibility and capital base for future growth, and for general corporate purposes. Wikborg Rein also assisted on the Innomar acquisition.
Arctic Securities and SpareBank 1 Markets acted as joint lead managers and bookrunners for the private placement.
The core Wikborg Rein team comprised Lise Løtveit, Ole Martin Drevvatne, Andreas Myrstad and Arild Frick.
We thank NORBIT ASA for their vote of confidence. Congratulations on the successful completion!