Esmaeilzadeh Holding comments on extended bank facility and changed capital structure in Lyvia Group
In light of recent developments in the portfolio company Lyvia Group AB (publ) (“Lyvia”), Esmaeilzadeh Holding AB (publ) (“EHAB”) hereby provides a brief comment.
On 20 January 2026, EHAB announced that certain parties had subscribed for shares in Lyvia’s ongoing share issue by way of set-off. Since the announcement, additional subscriptions have been received, whereby further earn-outs and convertible instruments will be converted into shares. As a result of these conversions, Lyvia’s net debt to EBITDA is expected to decrease from approximately 5.2x to approximately 4.5x, and EHAB’s ownership is expected to decrease to 76.02 per cent.1
Lyvia has recently initiated the process of converting outstanding preference shares into shares in Lyvia, which is expected to further reduce Lyvia’s net debt to EBITDA to approximately 4.0x.
Lyvia’s strengthened balance sheet and simplified capital structure have enabled an extended and restated bank facility with Danske Bank and DNB Carnegie on substantially unchanged terms.
EHAB considers that the continued debt reduction and simplified capital structure strengthen Lyvia’s financial profile and long-term prospects.
For further information, please contact:
Sebastian Karlsson, CEO
Email: sebastian.karlsson@ehab.group
The information was submitted for publication, through the agency of the contact person set out above on 19 March 2026, 08:00 CET.
About Esmaeilzadeh Holding AB (publ)
EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.
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1 Net debt to EBITDA is calculated based on Lyvia’s reported EBITDA of SEK 372 million for the financial year 2025 (in accordance with IFRS), and net debt as of 31 December 2025 adjusted for the above-mentioned conversions during the first quarter of 2026 as applicable. Lyvia defines net debt as short- and long-term liabilities to credit institutions, interest-bearing pension provisions, acquisition-related liabilities and lease liabilities, less cash and cash equivalents. EHAB indirectly owns 4,999,370 shares in Lyvia.