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News Feb 18, 2015

Shearman & Sterling Advises on Initial Public Offering of Dustin Group AB (publ)

Shearman & Sterling advised Dustin Group AB (publ) in connection with its initial public offering and listing on the NASDAQ OMX Stockholm. The offering consisted of a sale of existing shares by Dustin’s principal shareholder, Altor Fund II GP Limited, and the issuance and sale by the company of newly issued shares. In total, the offering comprised 34,277,904 shares, corresponding to 45% of Dustin’s ordinary shares.

Dustin is a leading online based reseller of IT products and services in the Nordics, offering a wide product and service range to businesses, public organizations and consumers, primarily through its online platform.

The London-based Shearman & Sterling team included Capital Markets partner David Dixter, associate Ana Grbec and secondee Peter Skaaring. Additional assistance was provided by partner Nathan Green and associate Catherine Sum (both New York-Investment Funds). Partner Kristen Garry and associate Mary Jo Lang (both Washington, DC-Tax) advised on the tax aspects of the transaction.