MVI buys Swedish company Biototal

The deal is the second investment from the GP's MVI Fund II, which held a first close on SEK 688m in June 2020 and is aiming to reach its SEK 1bn target by Q4 2020 or Q1 2021. The vehicle plans on investing in 8-10 Nordic companies at the growth stage, will have a holding period of about six to seven years, and pursue a buy-and-build strategy. 

The company said it had achieved strong growth in recent years and was expecting to generate SEK 100m (€9.6m) in revenue this year. Through the deal, MVI will support Biototal in its continued growth phase.

Company
Founded in 2006 and based near Linköping, Biototal provides consultancy services related to plant nutrition and crop production, and supplies different products within the area. 

The company has 16 employees and is expected to generate revenues of SEK 100m in 2020. 

People
MVI – Stefan Karlsson (partner).
Biototal – Tomas Kjellquist (founder).

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• Topics
• Buyouts
• Nordics
• Sweden
• Small-cap buyout