Tessin’s directed issue ahead of the upcoming IPO heavily oversubscribed
Stockholm, Sweden – Tessin Nordic AB (publ) is announcing that the share issue of around SEK 38.5 million executed by the company under the mandate of the general meeting of shareholders was heavily oversubscribed. The book closed with applications to subscribe approaching the SEK 100 million mark.
As previously communicated, the issue was directed at a limited number of shareholders assessed as having the capacity to be cornerstones of the long-term ownership structure. Cantaloupe AB (Sinch founders Björn Zethraeus, Kristian Männik, Robert Gerstmann and Henrik Sandell) joined Stronghold Invest and Hans Runesten, main shareholder in Effnetplattformen (EFFP) and a director of Samhällsbyggnadsbolaget, as anchor investors and provided commitments to subscribe for about 45 percent of the issue. In conjunction, all have committed to join the reverse IPO of Effnetplattformen on the same terms as the majority shareholders. The remainder of the issue, about 55 percent, has been allotted to four new investors including Dragfast AB, which is now the second-largest shareholder in Samhällsbyggnadsbolaget.
“We are proud to welcome Dragfast and other prominent names to the previously announced additions to the list of shareholders in Tessin. Although the strong interest in investing in Tessin was perhaps not unexpected, we are no less pleased by the confidence shown in us by several highly respected investors”, says Jonas Björkman, CEO and co-founder of Tessin. “With Illja Batljan, Dragfast and Cantaloupe among the new major shareholders, we have put together something of a dream team, who together represent vast experience and networks in the real estate sector as well as experience building one of the most successful tech companies in Sweden.”
Thomas AhlerupHead of M&A, Investor Relations and StrategyTessin Nordic AB (publ)Tel:+email@example.com
About Tessin Nordic
Tessin was founded in 2014 and is now the 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).
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Latest releases from Tessin Nordic
Tessin Nordic AB (publ.) har offentliggjort årsredovisning för 202011.5.2021 09:00:00 CEST | Pressmeddelande
Stockholm, Sverige – Tessin Nordic AB (publ.), Nordens största plattform för alternativ fastighetsfinansiering har offentliggjort årsredovisningen för 2020, ett rekordår trots de osäkerheter som präglar pandemin.
Tessin Nordic Holding AB (publ) and Effnetplattformen Holding AB (publ) have been approved for listing on Nasdaq First North Growth Market6.5.2021 13:25:22 CEST | Press release
Stockholm, Sweden – Tessin Nordic AB (publ) is announcing that Tessin Nordic Holding AB (publ), under its current name Effnetplattformen AB (publ), and Effnetplattformen Holding AB (publ) have applied for and been granted conditional approval for listing on Nasdaq First North Growth Market.
Tessin Nordic Holding AB (publ.) och Effnetplattformen Holding AB (publ.) har godkänts för notering på Nasdaq First North Growth Market5.5.2021 17:04:58 CEST | Pressmeddelande
Stockholm, Sverige – Tessin Nordic AB (publ.) – meddelar att Tessin Nordic Holding AB (publ.) med nuvarande firma Effnetplattformen AB (publ.), och Effnetplattformen Holding AB (publ.) har ansökt om och idag erhållit ett villkorat godkännande för handel på Nasdaq First North Growth Market.
Tessins riktade nyemission inför den kommande noteringen kraftigt övertecknad21.4.2021 08:30:00 CEST | Pressmeddelande
Stockholm, Sverige – Tessin Nordic AB (publ.) meddelar att den nyemission som bolaget genomförde med stöd av ett mandat på ca 38,5 MSEK från bolagsstämman blev kraftigt övertecknad. Boken stängde med intresseanmälningar som uppgick till närmare 100 MSEK.
Ilija Batljan and founders of Sinch invest in Tessin ahead of the imminent listing on NASDAQ First North7.4.2021 09:00:00 CEST | Press release
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.
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.
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