Ilija Batljan and founders of Sinch invest in Tessin ahead of the imminent listing on NASDAQ First North
Stockholm, Sweden. Tessin Nordic AB (publ) is announcing that Ilija Batljan Invest AB and Cantaloupe AB (Sinch founders Björn Zethraeus, Kristian Männik, Robert Gerstmann and Henrik Sandell) have opted to invest in Tessin ahead of the imminent IPO. Ilija Batljan Invest will own about five percent and Cantaloupe will own about six percent. In conjunction, NFT Ventures will increase its current stake by about six percent to become Tessin’s largest shareholder, with an interest of about 28 percent. The seller is Stronghold Invest AB, which will be Tessin’s second-largest shareholder after the transactions, with an interest of about 11 percent.
“We are proud and honoured to add two such strong names to the list of shareholders in Tessin. NFT is also demonstrating that Tessin is a prioritised investment and we are looking forward to the next strategic phase of our development”, says Jonas Björkman, CEO and co-founder of Tessin. “It is especially gratifying that Ilija Batljan, the main shareholder of Samhällsbyggnadsbolaget, is choosing to invest in Tessin. His vast experience and heavyweight status in the real estate sector reflect our ambitions. We have also brought in Cantaloupe, which is owned by four of the founders of Sinch, one of the fastest-growing listed companies in recent years. Not only do we feel honoured, the investment also validates our faith in the scalability of the business.”
Ahead of the IPO, Tessin will also execute a directed issue aimed at selected investors capable of becoming cornerstones of the long-term ownership structure. Cantaloupe, along with Stronghold Invest and Hans Runesten, main shareholder in Effnetplattformen (EFFP) and a director of Samhällsbyggnadsbolaget, are participating as anchor investors in the new issue and have committed to subscribing for about 45 percent of the issue, which is capped at about SEK 38 million. In conjunction, all have committed to join the reverse IPO of Effnetplattformen on the same terms as the majority shareholders.
Per Roosvall of NFT Ventures:
“It feels right and natural to remain a part of Tessin’s journey in the further development of the financing solutions of the future for the real estate sector. NFT has been involved since the beginning and I am impressed by the robust position the company has built in the Nordics and see continued strong potential in Tessin’s long-term opportunities to grow and become a leading European provider. Tessin is part of the next generation of fintech providers, an area where NFT is equipped to contribute expertise, experience and networks.”
Thomas AhlerupHead of M&A, Investor Relations and StrategyTessin Nordic AB (publ)Tel:+firstname.lastname@example.org
About Tessin Nordic
About Tessin Nordic AB (publ)
Tessin was founded in 2014 and is now a leading Nordic digital investment platform in the property financing segment, in terms of brokered capital. At the end of 2020, Tessin had almost 55,000 registered members on the platform. The business is based on a proprietary digital platform that links property developers seeking loan financing with investors seeking exposure to a high-return asset class with balanced risk and backed by collateral, primarily property mortgages.
At present, Tessin primarily offers construction and bridge loans to small and medium-sized property companies and property developers. The loans are funded through the Tessin platform by a syndicate of private, professional and institutional investors who are given the opportunity to invest in secured real estate loans with attractive yields. Tessin currently operates in Sweden and Finland. Since its founding, the company has brokered more than SEK 2.8 billion in financing to more than 260 different real estate projects. This has contributed making the building of around 5,000 residential units, as well as numerous commercial spaces and public buildings, a reality. Since the beginning, the equivalent of around SEK 1.8 billion has been repaid to platform members and the average annual return has been around 8.4 percent.
Financial information about Tessin is available in the 2020 year-end report (in Swedish).
About Effnetplattformen AB (publ)
Effnetplattformen AB (publ) is traded on Nasdaq First North Growth Market (symbol EFFP). Effnetplattformen AB (publ) is the parent company of a group operating in advanced digital communications. The principal business of the parent company is to develop this technology company and to invest in and run listed companies, based on the parent company’s listing platform, investment capacity and expertise, in order to create added value for our shareholders. The group currently has one subsidiary, Effnet AB. For further information about Effnetplattformen AB, visit www.effnetplattformen.se.
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Latest releases from Tessin Nordic
Ilija Batljan och Sinch-grundare investerar i Tessin inför den kommande noteringen på NASDAQ First North7.4.2021 09:00:00 CEST | Pressmeddelande
Stockholm, Sverige – Tessin Nordic AB (publ.) – meddelar att Ilija Batljan Invest AB samt Cantaloupe AB (Sinch-grundarna Björn Zethraeus, Kristian Männik, Robert Gerstmann och Henrik Sandell) väljer att investera i Tessin inför den kommande noteringen. Ilija Batljan Invest kommer att äga ca fem procent och Cantloupe kommer att äga ca sex procent. Samtidigt stärker NFT Ventures sitt nuvarande ägande med ca sex procent och blir därmed Tessins största ägare med ca 28 procent. Säljare är Stronghold Invest AB som efter transaktionerna blir Tessins näst störste ägare med cirka 11 procent.
Tessin Nordic AB (publ) executes listing in Nasdaq First North Growth Market through reverse takeover18.3.2021 09:37:44 CET | Press release
Tessin’s majority owners have closed an agreement with Effnetplattformen AB on the sale of Tessin Nordic AB (publ) and simultaneous distribution of Effnetplattformen’s current operations to shareholders.
Tessin Nordic AB (publ) genomför notering på NASDAQ First North Growth Market genom omvänt förvärv16.3.2021 08:45:22 CET | Pressmeddelande
Tessins majoritetsägare ingår avtal med Effnetplattformen om försäljning av Tessin Nordic AB (publ) med samtidig utdelning av Effnetplattformens nuvarande verksamhet till aktieägarna.
Tessin trotsar pandemin - redovisar ett rekordstarkt 202026.2.2021 08:30:20 CET | Pressmeddelande
Stockholm, Sverige – Tessin Nordic AB (publ.), Nordens största plattform för alternativ fastighetsfinansiering offentliggjorde idag bokslutskommunikén för 2020, ett år som levererat tillväxt trots de osäkerheter som präglar coronapandemin.
Tessin Nordic appoints new CEO Heidi Wik25.1.2021 14:29:43 CET | Press release
Stockholm, Sweden – Tessin Nordic AB (publ), the leading alternative property financing platform in the Nordics, is announcing the appointment of Heidi Wik as its new President and CEO. The appointment is an aspect of Tessin’s sharper focus on broadening and strengthening its core business while stepping up initiatives to build up Tessin Capital’s offering to institutional investors. Tessin’s current CEO will transition to the new role of Head of Business Development with focus on institutional investor relations.
Tessin Nordic utser Heidi Wik till ny VD22.1.2021 12:50:05 CET | Pressmeddelande
Stockholm, Sverige – Tessin Nordic AB (publ) – Nordens ledande plattform inom alternativ fastighetsfinansiering meddelar att man rekryterat Heidi Wik till ny VD och koncernchef för Tessin. Rekryteringen är ett led i Tessins ökade fokus på att bredda och stärka kärnaffären samtidigt som Tessin ökar satsningarna på att bygga upp Tessin Capitals erbjudande mot institutionella investerare. Tessins nuvarande VD tillträder den nyinrättade rollen som affärsutvecklingschef med fokus på relationer med institutionella investerare.
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