- Advertisement -
- Advertisement -

Origo Quest 1 adds to Paynova position through private placement

- Advertisement -

Stockholm (HedgeNordic) – Origo Quest 1, the activist hedge fund managed by Stockholm-based Origo Capital, has increased its stake in Paynova, a Swedish online payment solutions provider, through a private placement, according to a press release.

The transaction amounts to 10.000.000 SEK translating into a new issuance of 12.500.000 shares sold to Origo Quest 1 at a price of 0.80 SEK/share.

Following the transaction, Origo holds 8.97 percent of the shares outstanding, increasing from 4.2 percent as held previously.

Commenting on the transaction, Stefan Roos, CEO of Origo Capital (pictured) says:

“Origo Capital holds a positive view on the e-commerce sector and the market for mobile payments, previous investments in the sector include DIBS, that was acquired in 2015. In the case of Paynova, it has been important for us to follow how the payment solution offered to SJ (Swedish Railways) has developed. SJ is a demanding customer and together with Paynova they have successfully handled a significant amount of transactions since the solution went live in April 2016. As far as we understand, the cooperation has worked very well.”

“We see Paynova as having a strong competence and technology within online payments that meet an increased demand from e-commerce retailers as well as from other companies looking to increase profitability and strengthen client relations”.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

First Non-Swedish Family Office Investment for Protean Small Cap

Stockholm (HedgeNordic) – About one year after the successful launch of their long/short equity fund Protean Select, Pontus Dackmo and Carl Gustafsson introduced a...

Atlant Högräntefond Leads Peers on Third Anniversary

Stockholm (HedgeNordic) – Around mid-March 2021, Swedish hedge fund boutique Atlant Fonder launched a UCITS-structured fixed-income fund investing in Nordic corporate bonds, drawing from...

Rhenman Welcomes Brummer & Partners Sales Veteran

Stockholm (HedgeNordic) – After close to 18 years as an institutional sales professional at Brummer & Partners, Tom Josephson is set to join healthcare-focused...

Untapped Potential in Symmetry’s Small-Cap Portfolio

Stockholm (HedgeNordic) – Small-cap-focused hedge fund Symmetry Invest has achieved an annualized return of around 20 percent over the past five years and over...

Navigating Asia-Pacific’s Transition to Sustainable Growth

Stockholm (HedgeNordic) – Emerging markets in the Asia-Pacific region, such as China, India, Indonesia, the Philippines, Thailand and Vietnam, have experienced significant economic expansion...

The Performance of US Equities in Election Years Over the Last Century

By Daniel Ung, Kartik Chawla, and Jędrzej Miklaszewski – SPDR: The 2024 US presidential election is on the horizon, and investors are keen to...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets

Voices

Request for Proposal

- Advertisement -