Sentia Eyes Oslo Børs Listing Amid Ratos Ownership Shift
Deal News | May 26, 2025 | Ratos
Sentia, a prominent Nordic construction group, has announced its intention to list on the Euronext Oslo Børs. Ratos, the Swedish private equity company currently holding a 72% ownership in Sentia, plans to reduce its stake to below 50% during the offering. This move aligns with Ratos's strategy to focus on fewer platform holdings. Sentia will launch a share offering comprising public incentives in Norway and Sweden, as well as private placements to international institutional investors. Sentia, recognized for its work on complex construction projects, employs 1,400 individuals and reported revenues of NOK 10.6 billion in 2024. The offering has attracted cornerstone investments totaling NOK 670 million from investors including DNB Asset Management and Arctic Asset Management. ABG Sundal Collier ASA and DNB Carnegie serve as the joint coordinators for the listing. Legal representation for Sentia and Ratos is provided by Advokatfirmaet Schjdt, while Advokatfirmaet Thommessen advises the managers. Ratos exemplifies a focused corporate strategy rooted in simplicity and speed of execution, as the firm aligns its subsidiaries for maximal performance.
Sectors
- Construction
- Private Equity
- Capital Markets
Geography
- Norway – Sentia operates in Norway and plans to list its shares on the Euronext Oslo Børs.
- Sweden – Ratos, the main shareholder of Sentia, is headquartered in Sweden, and part of the share offering targets Swedish retail investors and employees.
Industry
- Construction – Sentia is a construction group engaged in building large, complex projects like commercial buildings, hospitals, and universities in Norway and Sweden.
- Private Equity – Ratos is a private equity firm guiding the IPO process and adjusting its investment strategy concerning its holdings in Sentia.
- Capital Markets – The article discusses Sentia's intention to list its shares on Euronext Oslo Børs and the related capital raising activities.
Financials
- NOK 5.0 billion – Approximate equity value of Sentia at a price per share of up to NOK 50.00.
- NOK 670 million – Total amount committed by cornerstone investors for the offering.
- NOK 10.6 billion – Revenues of Sentia in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sentia | Target Company | Company | A leading Nordic construction group considering IPO on Oslo Børs. |
| Ratos | Private Equity Firm | Company | The main shareholder of Sentia planning to reduce its stake. |
| DNB Asset Management | Cornerstone Investor | Company | A major investor undertaking to acquire a significant portion of shares in Sentia's IPO. |
| ABG Sundal Collier ASA | Joint Global Coordinator & Joint Bookrunner | Company | One of the financial advisors coordinating Sentia's IPO. |
| DNB Carnegie | Joint Global Coordinator & Joint Bookrunner | Company | Another financial advisor coordinating Sentia's listing and offering. |
| Advokatfirmaet Schjdt | Legal Advisor | Company | Providing legal advice for the IPO process to Sentia and Ratos according to Swedish and Norwegian law. |