Litorina Capital acquires SKT

Financing for the deal was provided through Litorina IV, which closed in October 2010 on €260.77m.

The transaction represents the full divestment for previous majority shareholder Segulah. The previous shareholder had invested from Segulah III LP. SKT's management will continue to be a shareholder in the company.

Debt
Details of the debt structure have not yet been disclosed.

Company
Skandinavisk Kommunalteknik Group AB (SKT) is a Swedish provider of pressure sewage systems solutions. The company offers products and services ranging from components to consulting. Based in Sweden, with offices in Gothenburg and Täby, SKT operates in all four Nordic countries.

In 2011, it acquired its distributors in Norway and Finland. Around 65% of SKT's SEK150m revenue is generated in Sweden.

People
Jörgen Ekberg, partners, led the deal on behalf of Litorina Capital Advisors. Torbjörn Jansson is CEO of SKT.

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