Vinge has advised Hexatronic Group AB (publ) in connection with a directed share issue whereby the company receives approximately SEK 550 million in gross issue proceeds.
The share issue was carried out as an accelerated book building process and directed to selected Swedish and international institutional investors. Hexatronic intends to use the net proceeds from the directed share issue to increase Hexatronics financial flexibility for further acquisitions, to establish a new plant for micro duct production in the US that will be up and running in Q3 2022, for investments in increased production capacity based on high demand mostly from growth markets, and for general corporate purposes to support growth opportunities. ABG Sundal Collier AB and Pareto Securities AB acted as joint bookrunners in connection with the directed share issue. Vinge acted as legal adviser to Hexatronic.
Hexatronic Group AB (publ) is a group that develops, markets and delivers products, components and system solutions with the main focus on the fiber optic market, and offers a wide range of innovative system and product solutions mainly for passive fiber optic infrastructure.