Hammarskiöld advised Skandinaviska Enskilda Banken AB (publ) (“SEB”) in connection with a directed issue of shares in eEducation Albert AB (publ) (“Albert”). Albert received approximately SEK 70 million before transaction costs through the directed issue. The subscription price in the directed issue was determined through an accelerated bookbuilding procedure led by SEB as sole bookrunner.
Founded in 2015, Albert is an app-based learning platform for children in the 1-16 age range. Albert offers digital education services on a subscription basis. The services are provided for a fixed monthly fee through apps, which are made available on the Apple App Store and Google Play. Based on Albert’s own research, Albert is a leading player in the B2C segment in the Nordic region regarding digital education services with in-depth teaching content. Since Albert was founded, Albert has helped over 300,000 families with their children’s education. The Group has about 70 employees, who together form an innovative group of people with diversified backgrounds whose common goal is to help more children develop their skills in a way that suits them. The Group is headquartered in Gothenburg, Sweden. Albert’s share is listed on Nasdaq First North Growth Market.
Hammarskiöld’s team consisted of:
Carl-Johan Pousette (Partner)
Marcus Tipner (Senior Associate)
Aksel Ahlqvist (Associate)