Closed transaction
- Advised by
- Client
-
- Deal stage
- Closed transaction
- Service
- Equity
- Sector
- Industrials and Manufacturing
- Sub-sector
- Auto & Components
- Market
- EMEA
- Contact
- olli.kangasniemi@evli.com
Deal details
Evli acted as Lead Manager in the EUR 30 million IPO of Relais Group. The IPO was completed successfully and trading in the company’s shares on Nasdaq First North Growth Market Finland began on 17 October 2019.
The IPO was structured as a share issue, whereby the company received gross proceeds of ca. EUR 20 million, and a share sale, whereby certain existing shareholders sold shares valued at ca. EUR 10 million. The IPO was oversubscribed, and Relais Group received approximately 2,000 new shareholders.
Relais Group is an importer and technical wholesaler that actively develops its vehicle electrical equipment and spare parts business operations in the Nordic and Baltic countries. Relais creates added value for its customers by offering vehicle electrical equipment, spare parts and specialist services throughout the life cycle of vehicles in a reliable, efficient and timely manner. As a strongly growth-oriented company, Relais aims to be an industry forerunner in the vehicle life cycle enhancement business.
Deal team
01Members / select to view profile
Olli Kangasniemi
RolePartner
FirmEvli Corporate Finance AB
Olli joined Evli in 2004.
View profile
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