We advised Gofore Plc and its four founding shareholders on an accelerated book-built offering that was targeted to institutional and other qualified investors (the “Placing”). Gofore offered one million new shares in the Placing, raising EUR 19 million, and the selling shareholders sold 1,200,000 shares in total, raising EUR 22.8 million.
The new shares that have been subscribed in the Placing represent approximately 7.1 per cent of all shares in Gofore prior to the Placing and approximately 6.6 per cent of all shares in Gofore following the Placing. Following the Placing, the total holding of the four founding shareholders decreased from 49.6 per cent to 38.4 per cent.
Gofore Plc is a digital transformation consultancy with close to 800 impact-driven employees across Finland, Germany, Spain, and Estonia. In 2020, Gofore’s net sales amounted to EUR 78 million. Gofore Plc’s share is listed on the Nasdaq Helsinki Ltd stock exchange in Finland. Borenius assisted Gofore Plc on its transfer from First North Growth Market Finland to the main list in March 2021.