Accendo Capital Participates in Directed Share Offering

Stockholm (HedgeNordic) – The activist hedge fund Accendo Capital has agreed to participate in a directed share offering in Swedish “Impact Coatings”, a company focusing on industrial coating solutions. Accendo will invest 25 MSEK in the directed offering at a price per share of 10.50 SEK.

In a comment to the transaction, Accendo´s founder Henri Österlund says:

“We believe that Impact Coatings, following 20 years as a development company, now is starting a transition to a self-financing company in the industrial coating industry with solid growth prospects. Accendo is a long-term and active owner with a history of investing in listed small-cap companies in the Nordic region, examples including Okmetic Oyj and Hexatronic Group AB. A common trait between Accendo and Impact Coatings is an entrepreneurial drive that leads to change and progress. We look forward to co-operating with CEO PhD Henrik Ljungcrantz, the board and the company to assist Impact Coatings to reach its full potential.”


About Author

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:

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