Kvale has acted as legal advisor to Nippon Paper Industries Co., Ltd. in connection with its investment in Norway as Cornerstone Investor in the IPO of Elopak ASA on Oslo Børs.
Nippon Paper participated as sole cornerstone investor in the IPO and acquired 5% of the entire share capital of Elopak. Post IPO, Elopak has a market value of around NOK 7.5 billion.
Goldman Sachs International and Skandinaviska Enskilda Banken AB (publ) acted as joint global coordinators and joint bookrunners of the offering and ABG Sundal Collier ASA, Carnegie AS and DNB Markets were engaged as joint bookrunners.
Our core team on this transaction consisted of Anne Kjølseth Ekerholt, Hillevi Torngren Myhre, Carl Christian Martinussen, Kristin Hjelmaas Valla, Christian Sønsteby and Stephanie Brungot.