Fagerberg & Dellby acquires BIG BAG

The value of the deal has remained confidential. Equity for the transaction was provided by Fagerberg & Dellby Fond I AB, which was launched in 2008 and raised approximately SEK 300m. BIG BAG was sold through a structured process while the investor was introduced to APELNS through its network of contacts.

The investor was primarily attracted to the deal because of the opportunity to merge the two companies to form an environmentally friendly player. BIG BAG and APELNS are set to grow, primarily in the Swedish market but also in other Nordic countries. Fagerberg & Dellby will support organic growth of the company as well as through acquisitions.

Debt
Acquisition finance was provided by SEB.

KEY FACTS

BIG BAG Sweden AB/APELNS Express AB

DEAL TYPE – Buyout
VALUE – n/d (<€25m)
LOCATION – Stockholm
SECTOR – Waste and disposal services
FOUNDED – 1930s
TURNOVER – SEK 115m, SEK 100m

Company
BIG BAG was founded in 2003 and specialises in collection and recycling of construction waste. The company, which is based in Enskede, currently generates a turnover of SEK 115m.

Stockholm-based APELNS specialises in recycling waste. APELNS's history dates back to the 1930s and it currently generates a turnover of approximately SEK 100m.

The combination of the two companies creates a strong player in the market for recycling of construction, industrial and office waste as well as bulky waste from properties.

People
Ulrika Dellby worked on the deal for Fagerberg & Dellby.

Advisers
Equity – Ernst & Young (Financial due diligence); Vinge (Legal); Golder Associates (Environmental due diligence).

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• Topics
• Nordics
• Industrials
• Buyouts
• Sweden