Arctic Securities acted as Joint Bookrunner in relation to the private placement of NOK 250 million in Self Storage Group ASA. The Private Placement was significantly oversubscribed with strong support from primary insiders in the Company. The net proceeds from the Private Placement will be used to partly secure funding for the acquisition of Eurobox and the two properties at Skøyen and Kalbakken, and for general corporate purposes, including funding strategic growth initiatives.
Self Storage Group ASA engages in the business of renting out self-storage units to both private individuals and businesses through the two concepts; OK Minilager and City Self-Storage. The company is one of the leading self-storage providers in Scandinavia with a particularly strong position in the Norwegian market. We thank Self Storage Group for the vote of confidence and congratulate on the successful transaction.