Cidron Maximus, a company ultimately owned by Nordic Capital, a leading private equity investor in the Nordic region, sold 25m shares in Munters Group, a global leader in energy-efficient and sustainable air treatment solutions. The sale represents 13.6% of the total number of shares and votes in Munters, through an accelerated book building to Swedish and international institutional investors at a price of SEK 44.00 ($4.64) per share. Following the stake sale, Cidron owns 66,999,607 shares in Munters corresponding to 36.5% of the total number of shares and votes. Subject to customary exceptions or obtaining consent from Carnegie Investment Bank and Jefferies International, Cidron has agreed to a 90-day lock-up period in relation to its remaining shares in Munters. Carnegie Investment Bank and Jefferies International acted as joint bookrunners in connection with the stake sale.