Delphi advisor in spin-off and separate listing of Momentum Group on Nasdaq Stockholm
Momentum Group AB (publ) was today listed on Nasdaq Stockholm. Delphi has acted as legal advisor in the spin-off from Alligo AB and in the subsequent listing on Nasdaq Stockholm.
Last year, the board of Alligo instructed the company management to investigate the possibilities for a separation of the group into two separate listed companies with the aim of creating increased shareholder value through increased focus on each business area. The investigation resulted in a decision to distribute all Alligo’s shares in the subsidiary Momentum Group to Alligo’s shareholders and to list Momentum Group separately on Nasdaq Stockholm. Alligo remains listed on Nasdaq Stockholm.
Momentum Group consists of several companies that together constitute one of the Nordic region’s leading suppliers of industrial components, industrial services and other related services in the industrial sector. The Group generates revenue of approximately SEK 1.5 billion and has about 500 employees.
Delphi’s team consisted mainly of Mats Dahlberg, Annika Melin Jakobsson, Jenny Lindén, Glenn Nyström, Agne Lindberg, Berndt Pettersson, Johan Hübner, Dahae Roland, Adam Odmark, Emmy Falck, Emilia Hjers, Tove Rodlert, Jessica Björklund and Fredrik Nykvist.