Alder backs Samon
Nordic private equity firm Alder has acquired Samon, a Swedish manufacturer of refrigerant gas equipment.
The GP invested in the company via Alder Fund II, which held a first close on SEK 1bn in April 2018 and is targeting SEK 1.5bn. The fund typically acquires majority stakes in companies based across the Nordic region that generate revenues of SEK 50-750m.
Samon's management team, led by founder and CEO Jonas Sjöström, will retain a minority stake and continue to lead the business. Sjöström will be joined by Sven Holmlund, former manager of Perten Instruments, who has been appointed as chair of the company.
Alder intends to support Samon in consolidating its market position and expanding into new segments and geographies.
Company
Established in 1990 and headquartered in Vellinge, near Malmö, Samon produces refrigerant gas equipment for industrial, commercial and marine applications.
The company's product offering includes equipment for detection of ammonia leaks in refrigeration systems, sensors for monitoring and measuring gas concentration, and alarms for propane, butane and methane detection.
Its client base includes international corporations such as Unilever, Nestlé, Atria Lithells, Carlsberg and Coca Cola.
Samon generates annual revenues of around SEK 50m.
People
Alder – Dag Broman (partner).
Samon – Jonas Sjöström (CEO); Sven Holmlund (chair).
Advisers
Equity – White & Case (legal); Deloitte (tax); EY Parthenon (commercial due diligence).
Company – EY (M&A); Lindahl (legal).
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