White & Case advises Asker on SEK 26.8 billion Nasdaq Stockholm IPO

Global law firm White & Case LLP has advised Nalka and its portfolio company Asker Healthcare Group AB (Asker) on Asker’s SEK 26.8 billion initial public offering (IPO) and listing on Nasdaq Stockholm.

“This transaction highlights the continued strength of the Nordic capital markets in high profile listings and the enduring confidence from investors in the region,” said White & Case partner Johan Thiman, who co-led the Firm’s deal team. “White & Case offers clients a platform in the Nordic region that combines local expertise with US capabilities in a manner that we believe is unique. This IPO marks a significant step in Asker’s sustained evolution and reinforces its position as a leading player in the European healthcare sector.”

Trading in Asker’s shares commenced on March 27, 2025 and the IPO price was fixed at SEK 70 per share.

White & Case advised on the deal’s capital markets, debt finance and private equity aspects and partner Johan Steen, who co-led the Firm’s deal team, said: “We have built strong relationships with both Asker and Nalka and this listing is an important milestone in our partnership with these important clients which demonstrates the depth of our cross-practice offering and ability to support clients through transformational transactions.”

Established in 2009, Nalka invests in small- and medium-sized businesses in the Nordic and DACH regions. Asker is a Sweden-headquartered leading provider of medical products and solutions in Europe, operating in 17 countries with 45 group companies and employing more than 4,000 people.

The White & Case team which advised on the transaction was led by partners Johan Thiman, Johan Steen (both Stockholm) and Mikko Hulkko (Helsinki) and included partner Oscar Liljeson (Stockholm) and associates Gustaf Wiklund, Alexander Lausev Mardell, Carl Hedström, Albin Sonnsjö Lönegren, Michaela Sandberg, Max von Schmalensee, Isak Bruncevic, Matilda Högberg, Daniel Agnemyr, Erik Holm, Jakob Matell (all Stockholm), Thomas Killeen, Helen Happonen and Anniina Nuutero (all Helsinki).

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