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Thommessen has assisted in Mercell's private placement and Merkur Market listing

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Thommessen has acted as legal advisors to the managers in the transaction.

26 June Mercell Holding announced that its private placement had been successfully placed with a total transaction size of NOK 850 million, through the allocation of 126 million shares at a price of NOK 6.75 per share. Thommessen has acted as legal advisors to the managers in the transaction – ABG Sundal Collier and Pareto Securities.

Mercell Group is a leading e-tendering platform provider in the European market. Mercell's solutions simplify the public procurement process in accordance with EU regulations and improve interaction between buyers and suppliers.

The private placement attracted very strong interest from Norwegian, Nordic and international high-quality institutional investors and was more than 10 times oversubscribed excluding shares pre-allocated to cornerstone investors.

In connection with the private placement Mercell also applied for listing of its shares on Merkur Market, and the first day of trading was 9 July 2020.

Thommessen's core team has consisted of Hans Cappelen Arnesen and Lars Martin Sveen.

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