Recent work | May 28, 2020

Roschier advised KKR Credit in connection with its re-negotiated investment in Avida Holding

US-based private equity firm KKR Credit has re-negotiated its investment in Avida Holding, a company listed on NOTC in Norway. Roschier represented KKR Credit in the re-negotiation.

In February 2020, KKR Credit announced an investment of NOK 1 209 million in Avida Holding Ab through a subscription of new shares for NOK 300 million in a directed share issue and a public offer to the shareholders of Avida.

On 26 May 2020, the previous transaction was terminated and the parties entered into a revised agreement regarding a directed share issue of NOK 236 million and a subsequent public offer to the shareholders, implying a market cap of Avida of NOK 1 835 million.