Verdane exits Scanacon to Alder

The deal marks the end of a six-year holding period for Verdane, after the fund took the listed investment company Capilon private and Scanacon was a portfolio company.

Scanacon is the first investment from the Alder II fund, which held a first close in April this year. The fund is targeting SEK 1.5bn, which it seeks to invest in mid-sized Nordic companies operating with an ESG-compliant mandate, particularly sustainable technology companies with growth potential.

Alder plans on supporting Scanacon's management team and developing the company's growth opportunities in current and adjacent market segments.

Previous funding
Verdane became the majority shareholder in Scanacon in 2012 when the fund took the listed investment company Capilon private. The team has since worked with Scanacon to strengthen the executive management team and add to the sales, R&D and production teams.

Company
Headquartered in Stockholm and founded in 1982, Scanacon is a provider of acid management systems used in the production of special metals. The company provides solutions to achieve safe, efficient, high quality treatment of metal products at the lowest cost, while enabling recycling of acid waste and minimising usage of scarce resources. Scanacon supplies customers from its offices in Sweden, the US and China. The company reported an annual turnover of around SEK 150m and employs a staff of 40.

People
Alder – Dag Broman, Henrik Blomé (partners).
Verdane Capital – Per Nordlander (partner).
Scanacon – Stig Lundström (CEO).

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• Topics
• Exits
• Buyouts
• Nordics
• Industrials
• Sweden
• Verdane Capital Partners
• Secondary buyout