EQT Ventures invests 240 MILLION in BIMobject, the digital challenger to the global construction industry

The board of BIMobject AB has, with the support of the authorization from the annual general meeting in 2018, decided to implement a directed new share issue of approximately SEK 240 million to EQT Ventures fund («EQT Ventures»). The issue includes 7 757 588 new shares equivalent to 15 per cent of the share capital before the rights issue. The subscription price is sek 31 per share. After completion of the rights issue will EQT Ventures owning approximately 13% of BIMobject. Hjalmar Winbladh, Partner at EQT Partners and leading EQT Ventures advisory team, referred to take place in the board of directors. In connection with the new share issue is also carried out certain changes in ownership of BIMobject.

The new issue is made without preferential rights for the shareholders. The board of directors justifies the deviation from the shareholders ‘ preferential rights to EQT Ventures is a strategically important and internationally established company which, through its injection of capital will enable further rapid expansion. The board of directors believes that EQT Ventures strategy with the industrial advisor is extra attractive then it adds valuable skills and experience that, taken together, help to increase the value of the BIMobjects shareholders. In connection with the new share issue is also carried out certain changes in ownership of BIMobject. MOJO Capital One with Matthias Ummenhofer, purchasing a total of 1.6 million shares of BIMobject, of which 1,000,000 shares are being sold by Stefan Larsson (via Procedural Labs AB), 300,000 shares of Sven Holmgren and an additional 300,000 shares of John Reischböck, for the same price as in the rights issue. All sellers are members of the BIMobjects management team. In addition, selling Abvent SA (where the director Philippe Butty is a large owner), a total of 666 666 shares in BIMobject for the same price as in the rights issue and sets out options on the 1 333 334 shares in the BIMobject (with a maturity of 30 months, based on market conditions) to investors Patrick Söderlund, spelpionjär and Chief Design Officer of Electronic Arts, and Johan Svanström, President of the Hotels.com.

The new issue adds to the BIMobject approximately SEK 240 million (before transaction costs) and the cover 7 757 588 new shares equivalent to 15 per cent of the share capital before the rights issue. The subscription price is sek 31 per share and has been determined on the basis of BIMobjects share price is the result of a negotiation with EQT Ventures. The subscription price corresponds to the BIMobject-the share’s closing price on 9 July 2018.

EQT Ventures is a venture capital fund is built up around some of Europe’s most experienced business leaders. The fund accounts for active ownership, where the counselors are co-located near the company’s management is ready to actively support. The capital injection of about SEK 240 million will be used to accelerate the growth of the number of users, downloads and customers in BIMobjects digital platforms. Growth will be created organically through increased sales efforts on existing markets, partly through more collaboration and continued innovation. In addition, the company will grow further through acquisitions that strengthen and complement the existing business or alternatively open up new markets.

«EQT Ventures team has extensive experience in building global technology companies and we look forward to following the development of BIMobject,» says Hjalmar Winbladh, a Partner and leading EQT Ventures advisory team. «With the team’s collective knowledge, we can together with Eqt’s industrial advisors contribute to BIMobjects development and help to create benefit for customers and users. But also to help build a global winner in a market that has lagged far behind in its digital development.»

«We are extremely proud to get to do this deal. EQT Ventures is our first choice. They see the potential in our business model and increase our opportunities to rapidly scale up the business. With EQT Ventures accumulated experience to successfully build fast-growing, internet-based global company, we will together be able to increase the growth rate and focus on the right issues. With our new partner, we are taking a big step toward our vision that every construction and inredningsprodukt in the world should be available in a digital version on our platforms.», says Stefan Larsson, ceo and founder of BIMobject.

«At the same time as EQT Ventures are becoming a significant shareholder, we would like to welcome Hjalmar Winbladh to BIMobjects board of directors. His huge experience in developing technology companies will be of great benefit for us», says Anders Wilhjelm, president of the board, the BIMobject.

Hjalmar Winbladh is a Partner at the investment adviser EQT Partners and head of EQT Ventures team and has been a driving force behind the deal together with Ted Persson, Operating Partner and Indra Sharma, Venture Lead.

Notice of an extraordinary general meeting with a proposal for a decision on the election of board members referred to be issued in the beginning of August 2018 the annual general meeting are to be held later in August.

Through the directed new share issue increases the number of shares in the BIMobject 7 757 588 shares from 51 717 254 shares to the 59 474 842 shares and the share capital will increase by 170 666,94 sek 1 137 779,59 to sek 1 308 446,52 crowns, resulting in a andelsmässig dilution for BIMobjects existing shareholders of approximately sek 13 per cent after the private placement.

Procedural Labs AB (Stefan Larsson’s companies), subject to customary conditions, committed not to dispose of shares in the BIMobject (p.k. lock-up) for a period that ends 24 months after the issue.

Vinge is legal advisor to the BIMobject in connection with the rights issue.

For more information, please contact:

Stefan Larsson — CEO

Tel: +46 40 685 29 00

Email: info@bimobject.com

This information is such that BIMobject AB (publ) is obliged to publish under the EU marknadsmissbruksförordning. The information was submitted, by the above contact person in the government, for publication on 11 July 2018, there is a 08:00 CET.

About BIMobject AB

BIMobject is a leading global IT company which is located in the forefront of the building industry’s digitisation. BIMobject offers a cloud-based platform with over 1000 manufacturers who will make available the digital product information. Around the cloud-based platform, which today has over 850 000 users, provides BIMobject a number of solutions targeted at property owners, construction companies and the trade. BIMobject was founded in 2011, operates in 20 countries and has over 200 employees. Sales amounted 2017 to 84 MILLION. BIMobject is traded on the Nasdaq First North under the ticker: BOS.BIMobjects Certified Advisor is the FNCA Sweden AB.www.bimobject.com

If EQT Ventures

EQT Ventures is a venture capital fund with a capital of approximately € 566 million. The fund is based in Luxembourg and the investment adviser in Stockholm, Amsterdam, London, San Francisco and Berlin. The EQT Ventures are some of Europe’s most experienced business builders with the ambition to help the next generation of entrepreneurs with both capital and operational support. EQT Ventures included in the global private equity company EQT, which has a rest ‘ equity of approximately eur 50 billion in 27 funds. EQT funds have portfolio companies in Europe, Asia and the united states with a total turnover of about € 19 billion and 110 000 employees.

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EQT Ventures invests in BIMobject

Hjalmar Winbladh_Stefan Larsson

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: BIMobject AB via Globenewswire

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