Cirio has advised Online Brands Nordic AB (publ) in connection with the acquisition of Frank Dandy AB and a directed issue of shares

Cirio has advised Online Brands Nordic AB (publ) in connection with the company’s acquisition of Frank Dandy AB, a Swedish company that designs and sells clothing under the “Frank Dandy” brand.

In connection with the acquisition, Online Brands carried out a directed issue of shares through a so-called accelerated book-building procedure. The proceeds from the directed issue of shares will be used to finance the company’s acquisition of Frank Dandy AB.

Online Brands acquires, owns and develops e-commerce companies in the Nordic region. The company’s strategy focuses on acquiring fast-growing and profitable e-commerce companies with strong brands. The group comprises Trendcarpet, Hatshop, Victorins, Kitchenlab, Bread & Boxers, Isbjörn, Allafröer, GetCamping, Reforma, Tanrevel and Wallnest. Online Brands is listed on Nasdaq First North Growth Market.

Cirio has advised Online Brands with a team led by Niklas Junker (M&A), Anders Moberg (M&A) and Maria Arnoldsson (Equity Capital Markets and Public M&A) together with Sara Strömstedt, Elina Danielsson, Olivia Wellgren (M&A), Julia Alander, Fredrik Billing (Equity Capital Markets and Public M&A), Lisa Ericsson (Employment) and Matteus Romare (FDI).