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Data visualization specialist Spectrum One, with Örjan Berglund (via Vildmarksstugor in Norrland) and Avanza Pension on the list of owners, will be Eniro’s largest owner after the acquisition. The transaction is expected to be completed on January 11. Spectrum One acquires a total of 188,862,265 shares for a purchase price of approximately SEK 168 million, which corresponds to SEK 0.89 per share.
– To have the opportunity and mandate to do the Decade Deal for Spectrum One is nothing less than a great honor and a tremendous privilege for me, my board and the management team. Eniro has one of the largest client portfolios within SMEs in the Nordic region. To date, Eniro has 60,000 clients in this segment. However, the potential market is 1,200,000 customers. Every week, more than 4,000,000 unique visitors from the Nordic region visit Eniro’s website, says Hosni Teque-Omeirat, CEO of SpectrumOne, in a press release.
The sellers are Theodor Jansson, MGA Placeringer, Hajskäret Invest, Martin Bjäringer, Thomas Krishan and Patrik Enblad.
Spectrum One pays approximately SEK 61 million in cash and approximately SEK 107 million by issuing notes to sellers. The cash portion is financed by Spectrum One through a SEK 55 million bridge loan and existing cash. The bridge loan agreement has been signed with Danish asset manager Formue Nord Markedsneutral and Mats Gabrielsson investment firm Trention, respectively. Spectrumone’s Board of Directors intends to issue rights of up to approximately SEK 160 million to finance the repayment of promissory notes and bridge loans.
Hannes Snellman Attorneys is legal counsel for Spectrum One.
