Summa Equity acquires Lakers

Lakers will be acquired via Summa Equity Fund I, which invests alongside the founders and a handful of minority shareholders active in the business. The founders and the management team will retain a significant stake in the company.

The GP's debut fund held a final close on its SEK 4.5bn hard-cap a year after the firm was founded, and since then has been making acquisitions in line with its ESG-guided thematic investment focus.

With Summa Equity as a new investor, the funding will support the company's growth and development.

Company
Founded in 2016 and headquartered in Oslo, Lakers is a Nordic group active in maintenance in the water and wastewater industry. It offers maintenance, service, development and technical consultancy for pumps, pumping stations, electrical motors and related components. The company has 130 employees across Norway, Sweden and Denmark, and reported revenues of SEK 280m.

People
Summa Equity – Johannes Lien (partner).
Lakers – Carl-Johan Callenholm (founder, CEO).

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• Topics
• Buyouts
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• Norway
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