Storytel is one of the world’s largest subscribed audiobook and e-book streaming services and offers listening and reading of more than 700,000 titles on a global scale. FNCA can be reached at or +46 8 528 00 399. Weil, Gotshal & Manges LLP acted as legal advisor to Storytel.Īndreas Lindblom, Head of FP&A and Investor RelationsĮmail: Sweden AB is the company’s certified adviser. LionTree Advisors acted as exclusive financial advisor, and Simpson Thacher & Bartlett LLP as legal advisor to. The bridge loan has been taken as part of an amendment to the company’s existing credit facility, where the company’s revolving credit facility was extended for another three years and the available amount increased to SEK 850 million (from SEK 500 million). The acquisition is financed through existing funds and a newly issued SEK 500 million bridge loan facility, with termination date in Q1 2023, with Swedbank AB (publ). The transaction details are confirmed as previously announced with a purchase price, paid in cash, calculated based on an enterprise value of USD 135 million on a cash and debt free basis. will be consolidated into Storytel’s financials as of January 7, 2022. The EQT Public Value advisory team looks forward, pending the Extraordinary General Meeting, to working together with shareholders, board, and management on the next phase of Storytel’s growth journey.The Storytel Group (“Storytel”), one of the world’s largest audiobook and e-book streaming companies, has completed the acquisition of from KKR as was announced on November 12, 2021. In addition to Storytel, EQT Public Value has previously disclosed positions in Securitas, BHG Group, Storebrand, Biogaia, and AFRY. Through shareholder engagement, EQT Public Value aims to work closely with existing shareholders, boards, and management teams in order to allow that companies reach their full potential and deliver shareholder value. Storytel operates in 25 markets around the globe and is headquartered in Stockholm, Sweden.ĮQT Public Value seeks to identify minority investments in public companies with market leading positions, strong management teams and significant potential for top-line and earnings growth. Storytel’s publishing business area is carried out through the audiobook publisher StorySide and acclaimed Nordic publishing houses such as Norstedts, People’s and Gummerus. Storytel’s streaming business is conducted under the brands Storytel and Mofibo. The Company’s vision is to make the world a more empathetic and creative place with great stories to be shared and enjoyed by anyone, anywhere, and anytime. Storytel is one of the world’s largest subscribed audiobook and e‑book streaming services and offers listening and reading of more than 700,000 titles on a global scale. Storytel, listed on Nasdaq First North has a strong track record of organic and inorganic growth in the large and fast-growing audiobook market. Joakim Rubin, Partner within EQT Public Value Advisory Team, is nominated to join the board of directors, subject to approval of an extraordinary general meeting. Stockholm - EQT is pleased to announce that EQT Public Value (“EQT Public Value”) has acquired 6.6 million shares in Storytel AB (“Storytel” or “the Company”), representing an ownership of close to 10 percent of shares outstanding.
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