Recent work | March 12, 2020

Roschier advised Cibus Nordic Real Estate in its acquisition of a real estate portfolio and accelerated bookbuilding

Cibus Nordic Real Estate has completed its first acquisition in Sweden by acquiring a property portfolio consisting of 111 supermarkets, with a property value of approximately SEK 1 900 million, from Coop, financed through external financing and a directed new share issue. Roschier advised Cibus.

The transaction was financed with a combination of funds from a directed share issue by way of an accelerated bookbuilding amounting to approximately SEK 886 million, together with external financing. The external financing consists of credit facilities with Swedbank, amounting to approximately SEK 1 300 million.

Pareto Securities AB and Swedbank AB were engaged as Joint Bookrunners in the accelerated bookbuilding.

Cibus Nordic Real Estate AB is a real estate company listed on Nasdaq First North Premier Growth Market in Stockholm. Their business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants.

Roschier’s advisory team mainly comprised Pontus Enquist, Christoffer Benninge, Henrik Fritz, Richard Katzman, Johan Häger, Frida Lantoft, Marcus Heden, Malou Scherlin, Rebecca Wetterling, Sanna Hammoud and Elin Gustavsson.