Ratos AB: Arcus prepares for IPO
(Thomson Reuters ONE) -
4 November 2016
Ratos and its subsidiary Arcus (formerly ArcusGruppen), one of the leading wine
and spirits suppliers in the Nordic region, intend to list the company's shares
on the Oslo Stock Exchange. A listing of Arcus is expected to deliver a strong
and diversified long-term ownership base that can support the company's
continued growth strategy and strengthen its market position.
In 2005, when Ratos acquired Arcus, the company was predominantly a Norwegian
spirits producer, which has developed under Ratos's majority ownership into the
Nordic region's leading supplier of wines and spirits. In Norway, Arcus is
market leader in wines and spirits and in the other Nordic markets, it is one of
the leading players. The company's best-known proprietary spirits brands include
Aalborg Akvavit, Gammel Dansk and Lysholm Linie Aquavit. For wines, Arcus has
both proprietary brands, such as Ruby Zin, and agency operations in which the
company represents such producers as Masi and Francois Lurton.
Value creating strategic initiatives that have been implemented since 2005
include a divestment of non-core operations, greater focus on growth through
Nordic expansion, a wider offering, acquisition of new brands and increased
production efficiency. A major investment in a new production facility has been
completed in Gjelleråsen, Norway, where production has been consolidated. Arcus
now stands on a new platform for growth and its vision is to offer the best
Nordic aquavit to the world and to offer the best global wines to the Nordic
markets.
Arcus has enjoyed positive sales growth over the past 11 years, with an annual
growth rate of approximately 11% since 2005. When the company was acquired in
2005, sales amounted to approximately NOK 863m with an adjusted EBITDA of about
NOK 31m, while in 2015 sales amounted to approximately NOK 2,471m with an
adjusted EBITDA of about NOK 274m. This strong performance has continued during
2016 with sales amounting to approximately NOK 2,572m and adjusted EBITDA to
about NOK 340m per rolling 12 months as of 30 September 2016. Arcus's nine-month
results are part of the Ratos portfolio's results, adjusted for Ratos's holding,
which will be published in the interim report on 10 November 2016.
"Arcus was a rough diamond when we acquired the company in 2005. It has been an
extremely interesting growth journey, filled with every value-creating
dimension. Together with management, we have transformed the company from being
a mainly Norwegian spirits producer into a Nordic market leader. Arcus has
created a platform for both continued growth and development. That is why we
believe Arcus is well suited to a listing and look forward to welcoming more
investors as shareholders in the company," says Mikael Norlander, Investment
Director at Ratos.
"I am very proud of Arcus's strong consumer brands, our partners and our
employees. We have track record of profitable growth and we want to continue to
grow in our core business. We look forward to welcoming new shareholders and
employees to take part in our continued growth journey on the stock exchange,"
says Kenneth Hamnes, CEO of Arcus.
Ratos's holding in Arcus amounts to 83%. More detailed information regarding a
schedule and terms and conditions will be announced in conjunction with a
decision being made on the listing. ABG Sundal Collier ASA and Skandinaviska
Enskilda Banken AB (Publ), have been appointed joint global coordinators and
joint bookrunners for the listing, with Carnegie AS as joint bookrunner.
Advokatfirmaet Wiersholm AS will serve as legal advisor to Arcus and Ratos.
For further information, please contact:
Mikael Norlander, Investment Director Ratos, +46 8 700 17 00
Elin Ljung, Head of Corporate Communications Ratos, +46 8 700 17 20
Kenneth Hamnes, CEO Arcus, +47 952 92 049
Financial calendar from Ratos:
Interim report January-September 2016 10 November 2016
Ratos is an investment company that owns and develops unlisted medium-sized
companies in the Nordic countries. Our goal as an active owner is to contribute
to long-term and sustainable business development in the companies we invest in
and to make value-generating transactions. Ratos's portfolio consists of 21
medium-sized Nordic companies and the largest segments in terms of sales are
Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq
Stockholm and has a total of approximately 16,000 employees.
Press release (pdf):
http://hugin.info/1180/R/2054290/769061.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ratos via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 04.11.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 505004
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Kategorie:
Business News
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