Final price in Bufab's initial public offering set at SEK 46 per share - Trading on NASDAQ OMX Stockholm commences today

        Print
| Source: Bufab Holding AB
NOT FOR RELEASE IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND,
SOUTH AFRICA OR THE UNITED STATES.

This information is in accordance with the Swedish Securities Market Act, the
Swedish Financial Instruments Trading Act and/or the regulations of NASDAQ OMX
Stockholm. This information was submitted for publication on 21 February, 2014,
at 07.00 CET.

PRESS RELEASE, Värnamo 21 February, 2014

Final price in Bufab's initial public offering set at SEK 46 per share - Trading
on NASDAQ OMX Stockholm commences today

Bufab Holding AB (publ) ("Bufab" or the "Company"), a leading European C-Parts
supply chain partner, today announces the outcome of the initial public offering
(the "Offering") of its shares and listing on NASDAQ OMX Stockholm.

The Offering attracted strong interest among Swedish and international
institutional investors as well as Swedish retail investors. The Offering was
over-subscribed multiple times.

The Offering in brief

  * The final Offering price has been set at SEK 46 per share (the "Offering
    price"), corresponding to a market value of all shares issued by Bufab of
    MSEK 1,753.
  * The Offering was increased in accordance with the terms of the Offering by
    2,878,253 shares, implying that a total of 24,047,820 shares[1],
    corresponding to approximately 63.1 per cent of the total number of shares
    in Bufab, are being sold by Nordic Capital Fund V[2] (the "Principal
    Owner").
  * To cover potential over-allotment in connection with the Offering, the
    Principal Owner has undertaken to, at the request of Carnegie Investment
    Bank AB (publ) ("Carnegie") and Handelsbanken Capital Markets
    ("Handelsbanken"), sell additional shares corresponding to up to 15 per cent
    of the number of shares comprised by the Offering (the "Over-Allotment
    option"), equal to not more than 3,607,173 shares, representing
    approximately 9.5 per cent of the total number of shares in the Company. If
    the Over-Allotment option is exercised in full, the Offering comprises
    27,654,993 shares, corresponding to approximately 72.6 per cent of the total
    number of shares in the Company.
  * The total value of the Offering amounts to MSEK 1,272, assuming that the
    Over-Allotment option is exercised in full.
  * Trading in Bufab's shares on NASDAQ OMX Stockholm commences today, 21
    February, 2014, under the symbol "BUFAB".

Jörgen Rosengren, CEO of Bufab:
"For the past few weeks we have been focusing our attention on presenting Bufab
to investors, and we are both proud of and pleased with the positive response we
have had. It demonstrates confidence in the Company and our strategy. Bufab is
now entering a new chapter in its history, and we are looking forward to
continuing to develop Bufab as a listed company with approximately 1,600 new
shareholders."

Ulf Rosberg, board member of Bufab and Senior Advisor to NC Advisory AB, advisor
to the Nordic Capital Funds:
"There has been a great deal of interest in subscribing for Bufab's shares, and
we are very pleased to see many reputable institutions with a long term agenda
coming in as owners of the Company. Bufab has developed from a regional start-up
company into an international market leader and Nordic Capital looks forward to
following and participating in Bufab's future development."

Following completion of the Offering and assuming that the Over-Allotment option
is exercised in full, the Principal Shareholder will remain the largest
shareholder with approximately 20 per cent of the shares in Bufab. Approximately
1,600 investors have been allocated shares in Bufab.

Carnegie and Handelsbanken are acting as Joint Lead Managers and Joint
Bookrunners in connection with the Offering.

For additional information, please contact:
Boel Sundvall, Director of Communication and Investor Relations
ir@bufab.com, tel: +46 370 69 69 61

About Bufab
Bufab is a trading company that delivers components and services to the global
manufacturing industry. The Company has a strong focus on so called C-Parts,
such as nuts, screws, washers and other components that the Company's customers
view as non-strategic. Bufab's customer offering, Global Parts Productivity,
aims to improve the productivity of the customer's value chain of C-Parts, with
special focus on assortment management and sourcing. The Company is currently
conducting operations in Sweden, Norway, Finland, Denmark, United Kingdom, the
United States, France, Italy, Spain, Turkey, Poland, Russia, Hungary, Estonia,
Rumania, Slovakia, Germany, Austria, the Netherlands, Czech Republic, China,
India and Taiwan, from which the Company also exports to a number of other
countries.

During the last ten years, Bufab has reported an average net sales growth of 7
per cent, of which the organic growth amounted to approximately 4 per cent, and
during the corresponding period the Company has reported an average operating
margin of 11 per cent, adjusted for non-recurring items.[3] In 2013, Bufab's net
sales amounted to MSEK 2,031 and the operating profit amounted to MSEK 201. The
Company's headquarter is situated in Värnamo and Bufab has approximately 770
employees, who are mainly active within sales, sourcing, quality, logistics and
in-house manufacturing.

The Company has a diversified customer base in several geographies and industry
segments within the manufacturing industry. As a complement to the trading
business, the Company also conducts particularly demanding technical
manufacturing of C-Parts in-house at two plants in Sweden.

Important information
This announcement is not an offer to sell or a solicitation of any offer to buy
any securities issued by Bufab Holding AB (the "Company") in any jurisdiction
where such offer or sale would be unlawful.

In any EEA Member State, other than Sweden, that has implemented Directive
2003/71/EC as amended (together with any applicable implementing measures in any
member State, the "Prospectus Directive"), this communication is only addressed
to and is only directed at qualified investors in that Member State within the
meaning of the Prospectus Directive.

Any securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not
be offered or sold in the United States absent registration or an exemption from
registration under the Securities Act.  There is no intention to register any
securities referred to herein in the United States or to make a public offering
of the securities in the United States.  Any securities sold in the United
States will be sold only to qualified institutional buyers (as defined in Rule
144A under the Securities Act) pursuant to Rule 144A.

In the United Kingdom, this document and any other materials in relation to the
securities described herein is only being distributed to, and is only directed
at, and any investment or investment activity to which this document relates is
available only to, and will be engaged in only with, "qualified investors" (as
defined in section 86(7) of the Financial Services and Markets Act 2000) and who
are (i) persons having professional experience in matters relating to
investments who fall within the definition of "investment professionals" in
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling
within Article 49(2)(a) to (d) of the Order (all such persons together being
referred to as "relevant persons").  Persons who are not relevant persons should
not take any action on the basis of this document and should not act or rely on
it.


[1] The information on the number of shares in this press release relates to
conditions after the conversion of existing preference shares into ordinary
shares carried out in connection with the listing of the Company's shares on
NASDAQ OMX Stockholm (the "Set-off issue"). The Set-off issue is carried out at
a subscription price equal to the Offer Price, SEK 46 per share, and implies
that 11,198,613 new ordinary shares are issued through the Set-off issue. The
Set-off issue will be registered with the Swedish Companies Registration Office
on or about 21 February, 2014. After the Set-off issue there will be 38,110,533
shares outstanding in Bufab.
[2] Nordic Capital Fund V or its indirect subsidiary Bufab S.à r.l., the largest
Shareholder in Bufab, as the context may require. Nordic Capital Fund V is
comprised of (1) Nordic Capital V Limited, acting as general partner of Nordic
Capital V, L.P.; and (2) NC V Limited.
[3] Adjustments have primarily been made for non-recurring items regarding costs
due to personnel reductions and increased risk of obsolescence in inventory, and
impairment of goodwill related to Bufab Spain. Non-adjusted average operating
margin for the same period amounts to 10 per cent.

[HUG#1763707]