Snellman has advised Nordic software company Vitec Software Group AB, listed on Nasdaq Stockholm (Large Cap) on its directed issue and private placement of 2,250,000 new class B shares to Swedish and international professional and institutional investors. The private placement was carried out through an accelerated book-building process, raising proceeds of SEK 1.125 billion before transaction costs, and was significantly oversubscribed. Nordea Bank Abp, filial i Sverige and Skandinaviska Enskilda Banken AB acted as joint global coordinators and joint bookrunners in the private placement.

Snellman’s advisory team comprised Mattias Friberg, Khaled Talayhan, Marc Tevell de Falck and Lisa Kindstedt.