Mandate

Vinge has advised Carrier in connection with the sale of its remaining stake in Beijer Ref

December 08, 2020 Capital Markets and Public M&A

Carrier Global Corporation (“Carrier”) is a leading global provider of heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies, and is listed on the New York Stock Exchange. Beijer Ref AB (publ) (“Beijer Ref”) provides commercial and industrial refrigeration as well as heating and air conditioning products and is listed on Nasdaq Stockholm.

Carrier announced on 7 December 2020 that the company had signed a definitive agreement to sell its remaining interest in Beijer Ref to a fund managed by EQT. Under the terms of the agreement with EQT, Carrier’s remaining interest will be sold for a total value of approximately USD 1.1 billion (SEK 9.2 billion). The transaction is expected to close by the end of December 2020, subject to the receipt of a required regulatory approval. The sale follows an accelerated equity offering that occurred in September 2020 through which Carrier sold 9.25 million B shares of Beijer Ref and received proceeds of approximately USD 300 million.  

Vinge’s team consisted of Charlotte Levin, Linnéa Sellström and Anders Sundin Lundberg.

Related

Vinge advises Symrise on its public offer for Probi

Symrise AG has announced a public cash offer to the shareholders of Probi AB (publ) (“Probi”). The offer values Probi at approximately SEK 3,988 million. The shares in Probi are traded on Nasdaq Stockholm, Mid Cap.
November 20, 2024

Vinge advises Oxx in conjunction with an investment in Kodiak Hub

Kodiak Hub, a Swedish software as a service (SaaS) company, which offers its customers an AI-based software platform, has performed a capital procurement of EUR 6 million. The venture capital fund Oxx, which invests in SaaS companies, is the largest investor.
November 20, 2024

Vinge advises HAKI Safety AB (publ) in connection with the acquisition of Semmco Group Limited

Semmco Group is a UK market-leading manufacturer and supplier of maintenance platforms and stairs for aircraft and trains.
November 19, 2024