Wistrand advises Söder Sportfiske on its acquisition of Fishline

Wistrand has advised Söder Sportfiske AB on its acquisition of all shares in Fishline for a total purchase price of approximately SEK 55 million.

Söder Sportfiske is a leading sport fishing company in the Nordic region with an established omnichannel platform that includes both international e-commerce and physical trade for sport fishing-related products. Fishline is a leading e-commerce player in fly fishing products.

Of the total purchase price, approximately 36 percent will be paid with own shares in Söder Sportfiske to Fishline's founders, who will remain long-term shareholders in Söder Sportfiske, the remaining part will be paid in cash.

As part of the financing of the acquisition of Fishline Holding AB, Söder Sportfiske carried out a directed new issue of SEK 41 million. The issue was carried out to institutional investors in Sweden through an accelerated bookbuilding procedure carried out by Avanza Bank.

Wistrand's team consisted of Magnus Forssman (M&A), Nina Palm (M&A), Niklas Larsson (capital raising) and Elisabeth Salmgren von Schantz (raising capital)

Wistrand's team consisted of Magnus Forssman (M&A), Nina Palm (M&A), Niklas Larsson (capital raising) and Elisabeth Salmgren von Schantz (capital raising).