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.
About TCM Group
TCM Group is Scandinavia’s third largest manufacturer of kitchens and furniture for bathrooms and storage. The products are designed and produced in Denmark and rooted in a proud tradition of good quality and good craftsmanship. TCM Group pursues a multi-brand strategy, under which the main brand is Svane Køkkenet and the other brands are Tvis Køkken and Nettoline. Combined, the brands cater for the entire price spectrum, and are sold through c. 140 dealers in Denmark and the rest of the Scandinavia.