Mandate & Roadshow Announcement SuperOffice Group AS – Contemplated new ownership, fixed income meetings and 2024 key financials

21 Jan 2025 08:00 CET

Reference is made to the Q3 report for SuperOffice Group AS, released on 28
November 2024, informing that Axcel Management A/S as manager to the ultimate
majority shareholder is reviewing the future ownership and capital structure of
SuperOffice Group AS. In connection with the review, Axcel is contemplating a
transaction involving a sale of the Group to a newly established Bidco, Ax INV1
Holding AS. Following completion of such transaction (which is subject to the
satisfaction of certain conditions precedent) the Group will continue to be
supported and advised by Axcel Management A/S.
Ax INV1 Holding AS has mandated ABG Sundal Collier and Danske Bank to arrange a
series of fixed income investor meetings commencing on 21 January 2025. To
part-finance the potential acquisition, a NOK 1,100 million senior secured bond
issue with a 5-year tenor may follow, subject to inter alia market conditions.
The existing senior secured NOK 700 million bonds with maturity in November 2025
(ISIN NO0010900129)(“SUOGR01”) will be redeemed in connection with the
contemplated acquisition (subject to one or more separate call notices to be
submitted).

Financial trading update:
In connection with the fixed income investor meetings the company will present
estimated financial figures for the full year of 2024 (Comparable figures for
2023 in brackets).

- Total operating income of NOK 714m (660)
- Total ARR of NOK 678m (619)
- Adj. EBITDA Post-IFRS16 NOK 234m (196)
- Adj. EBITDA Pre-IFRS 16 NOK 204m (169)

The financial report for the fourth quarter of 2024 is scheduled to be released
on 27 February 2025.



For further information, please contact:
Ole Erlend Vormeland, CFO – Tel: +47 474 54 006

About SuperOffice Group AS:
SuperOffice is the leading, mission-critical, all-in-one CRM platform for B2B
companies in the
Nordics, supporting unified sales, marketing, and customer care teams across the
entire buyer
Journey. The company was founded in 1990 and is headquartered in Oslo, Norway
and has ~250 employees through 7 European countries

More information:
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