On 2 March 2023, Linas Matkasse Holding II AS, owned by Herkules Private Equity Fund IV, sold 1,528,125 existing shares in LMK Group AB (“LMK”), corresponding to approximately 12.1 percent of the outstanding shares. The transaction was completed at a price of SEK 7.50 per share. Following this transaction, Herkules does not longer hold any shares in LMK.
Gert Wilhelm Munthe has represented Herkules as a member of the board of directors in LMK. Mr. Munthe will not stand for re-election to LMK’s board of directors.
“It has been a pleasure to work with Walker Kinman and his team in their successful turnaround of the company. Likewise, it has been rewarding to work with the professional Board who have been instrumental in the transformation. Herkules wishes LMK all the best for the future.”, says Mr. Munthe.
Pareto Securities acted as broker in connection with the transaction.