Initial public offering of Duell Corporation (FI) on Nasdaq First North Growth Market Finland – EUR 93 million

Carnegie acted as sole global co-ordinator and joint bookrunner in the IPO of Duell on Nasdaq First North Growth Market Finland. Duell is a leading powersports aftermarket distributor in the Nordics with a rapidly growing presence in the rest of Europe. Duell’s offering covers motorcycle, all-terrain vehicle (“ATV”), snowmobile, bicycle and marine products, including technical and spare parts and personal equipment (for example clothing and accessories), to dealers across several markets in Europe. Duell has a track-record of strong organic sales growth (double-digit historical organic CAGR) and strong margins complemented by attractive M&A.
November 2021.