Carnegie acted as Sole Global Coordinator and Bookrunner in the directed share issue of 1,221,419 shares in TCM Group A/S (“TCM” or the “Company”). The shares were sold through an accelerated bookbuilding at an offer price of DKK 64.50 per share, raising gross proceeds of approximately DKK 79m. The net proceeds from the directed share issue are intended to provide the Company with a robust capital structure after the acquisition of Aubo Production A/S, and allow for pursuance of potential strategic investments and business initiatives.
TCM Group is Scandinavia’s third largest manufacturer of kitchens and furniture for bathrooms and storage. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkken and Nettoline.