Priveq acquires stake in El-Björn

The value of the deal has not been disclosed. Priveq proactively sourced the deal and was in exclusive talks with the company. It had followed the company for some time prior to the investment and was primarily attracted to the niche market El-Björn is active in.

Priveq is looking to support the company's expansion into Sweden and Norway as well as into new markets through distribution channels. The rest of the Nordic region, Germany, the UK and the Baltics were mentioned as interesting markets. Resources will also allow the company to focus on product development.

Equity for the transaction was provided by Priveq Investment Fund III, which raised SEK 1.2bn at final close in April 2006. Priveq's third fund is now fully invested and new acquisitions will now be made from the recently closed Priveq Investment Fund IV.

Debt
Leverage was used in the transaction, though further details were not disclosed.

Company
El-Björn is based in Anderstorp and manufactures solutions for power, lighting and climate control in temporary installations. The company's clients operate in the construction/leasing industry. El-Björn has a sister company in Norway, under the name of Byggstrøm AS.

In 2010, the company generated a turnover of SEK 145m and EBIT of approximately SEK 21m. El-Björn is forecast to generate a turnover of SEK 175m in 2011.

People
Henrik Westfeldt and Henrik Jatko worked on the deal for Priveq.

Advisers
Equity – Grant Thornton (Financial due diligence); Gernandt & Danielsson, Bob Johanson, Nina Sandberg, Sara Edström, Jessica Levin, Louise Ahlén (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Industrials
• Buyouts
• Priveq Partners
• Sweden
• Grant Thornton