Varner Kapital AS and EXP Group AS have entered into a private placement agreement

On June 7, EXP Group AS and Varner Kapital AS entered into an agreement that includes a private placement of EXP Group AS shares worth NOK 150m directed at Varner Kapital AS.

EXP Group is the company behind Nordic Impact and Plastilin, and invests in and develops businesses that focus on exponential technology with a positive effect on the society. The objective of EXP Group is to provide high financial returns as well as positive social impact and environmental results (impact investments).

Varner Kapital AS is a part of the Varner Group, one of Scandinavia´s leading textile companies with approximately 11,000 employees and 1,500 stores in Norway, Sweden, Finland, Denmark, Iceland, Poland, Germany and Austria.

The collaboration with Varner Kapital AS will strengthen EXP Group AS´ impact investment strategy. 

Aabø-Evensen & Co acted as legal advisor to EXP Group AS.