Segulah sells Zengun

The GP made the divestment from its SEK 2.4bn, 2016-vintage buyout fund Segulah V.

It acquired the company in partnership with the founders in March 2016 and has seen Zengun's revenues double to SEK 2bn under its ownership.

Segulah said it was a successful investment for the fund.
The new owners have financed the acquisition through the Nordic bond market with a SEK 450m bond issue.

Company
Zengun is a property developer focusing on high-end commercial properties in the Stockholm region. The company's construction projects are mainly carried out by subcontractors. It is headquartered in Stockholm and was founded in 2009.

People
Segulah – Oskar Oxenstierna (director).
Zengun – Ulf Jonsson (founder).

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