IK realises Attendo investment with SEK 1.91bn share sale

Following the accelerated bookbuilding process in which SEB and Carnegie placed nearly 25 million shares with institutional investors, the GP has fully realised its investment in Attendo. At SEK 78 apiece, the share block was priced at SEK 1.91bn.

The exit comes less than a year after IK began the exit process for Attendo with an IPO on Nasdaq OMX Stockholm that valued the entire company at SEK 8bn – an in-depth look at the exit can be found here.

Recently, Attendo acquired Finnish care provider Samsa from CapMan.

Previous funding
The listing marks the first exit step for IK's nine-year ownership of Attendo, which it acquired in an SBO from Bridgepoint, Mexab and Säki in November 2006 through its Industri Kapital 2004 fund.

Company
Founded in 1985, Attendo is a provider of care services. The company is headquartered in Sweden and operates across the Nordic region, providing private as well as publicly outsourced care services to the elderly, disabled, families and individuals, including refugees.

Attendo employs a staff of 18,000 and had revenues of SEK 7.3bn from January to September 2015, with EBITA of SEK 718m. As of September 30, the company's net debt was SEK 4.1bn.

People
IK Investment Partners – Alireza Etemad (partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Nordics
• Healthcare
• IK Investment Partners
• Sweden