Press Release
October 14, 2021

Byggfakta Group Begins Trading on Nasdaq Stockholm

Goodwin acted as U.S. law counsel to the Issuer Byggfakta Group HQ AB on a Swedish public offering with an accompanying Rule 144A placement to U.S. Qualified Institutional Buyers. Byggfakta Group began trading its shares on Nasdaq Stockholm on October 15, 2021. The offering consisted of both new shares issued by Byggfakta Group and existing shares in the company offered by the selling shareholders.

Byggfakta Group’s principal shareholders, SSCP Bygger Holdings S.C.A and Bock Capital EU Luxembourg Tricycle S.á.r.l., indirectly controlled by Stirling Square Capital Partners and TA Associates, respectively, together with the Byggfakta Group’s board and management, believe that a listing of the company’s shares on Nasdaq Stockholm is an important stage in the development of the company. The IPO will also provide Byggfakta with access to the Swedish and international capital markets and enable a continued active M&A agenda.

In March 2021, the London Private Equity team advised TA Associates and Stirling Square Capital Partners in connection with Byggfakta Group’s acquisitions of Glenigan Limited as part of a corporate carve-out from its parent group Ascential plc, and NBS from its shareholders including Lloyds Development Capital and the Royal British Institute of Architects. Goodwin also acted for TA Associates on its initial co-investment into Byggfakta in September 2020 alongside Stirling Square Capital Partners who have owned Byggfakta since 2017.

Byggfakta Group, headquartered in Ljusdal, Sweden, with origins dating back to 1936, is a leading digital platform providing solutions connecting construction value-chain participants, maximizing sales and improving efficiency for its customers. The company has approximately 43,000 existing customers, 1,056,000 active construction projects, over 160,000 building products on the platform, and more than 137,000 tenders launched per year, creating a highly defensible position across its core geographies including the Nordics (Sweden, Finland, Denmark and Norway), the UK, Portugal, Spain, Switzerland, Australia, New Zealand, Asia and the US.

The Goodwin cross-border team was led by Stuart Ogg, Carl Bradshaw, Kristopher Brown, Hugh O'Sullivan, Howard Cubell, Ken Gordon, Yana Shneyderman, Angus Simpson, Charles Elsom, Charlie Lord, Harry Ghillemyn and Nadim Islam. Advokatfirman Vinge AB acted for the Issuer with regard to Swedish law.

For additional details on the initial public offering, please read the press release.