Polaris Private Equity and a consortium of existing shareholders has announced a recommended public offer to the shareholders of Awardit AB for all the shares in the company, at a price of SEK 132 in cash per share, for a total offer of SEK 1,143 million. The board of directors of Awardit recommends that Awardit’s shareholders accept the offer.
KANTER has assisted Polaris Private Equity with certain legal advice in connection with the offer.
Alcadon has entered into an agreement to acquire the Irish company Wood Communications. Alcadon has also completed a directed new share issue to existing and new investors through an accelerated bookbuilding procedure.
Alcadon is a renowned European premium partner active in selected business areas related to digitalization. Wood Communications, founded in 1924, is one of Ireland’s leading distributors of products and complete systems for network infrastructure for the data communications, data center, telecoms, and security industry.
Alcadon was advised by KANTER in the transaction and the share issue.
Bilia has acquired Olofsson Bil, a well-established family-owned car dealership in Stockholm. Olofsson Bil, known for selling various car brands including Volkswagen, Audi, Skoda, and Seat, will continue its operations under Bilia’s ownership. The deal is set to be finalized on April 2, 2024.
The owner of Olofssons Bil was advised by KANTER in the acquisition.
Multisoft has strengthened its position within the employment agency segment through the acquisition of the Workbuster-business from Grade.
Workbuster is the market leading software platform for Swedish private employment service agencies. Multisoft is a leading provider of business process systems.
Multisoft was advised by KANTER in the acquisition.
Jönköping-based Elmontage has joined SELATEK, who further expands the group’s geographical presence in Småland. Elmontage was founded in the 1940s and is a well-established full-service company within electrical installations. In addition, AllTor Data & Larmteknik has joined SELATEK and strengthened the group’s position within security solutions. AllTor is a full-service provider of e.g. intrusion alarm systems, fire alarm and CCTV, with headquarters in Klippan. SELATEK is a Swedish leading provider of security solutions, electrical installations and automation with a focus on sustainability and technology.
SELATEK was advised by KANTER in the acquisitions.
IT-Total has strengthened its position within digital workplace services through the acquisition of Aura IT Solutions. IT-Total has also expanded its offering within container management by forming a strategic partnership with Sudo Sweden, including an acquisition of a 25% ownership stake in Sudo Sweden.
IT-Total was advised by KANTER in the acquisitions.
Monterro, the leading B2B software investor in the Nordics, has completed an acquisition of Omnia from publicly listed Precio Fishbone. Omnia is a leading provider of cloud-based digital workplace software designed to improve employee experiences for mid to large organizations. Precio Fishbone will remain as minority shareholder in Omnia with 19.9% of the shares. KANTER represented Monterro in the transaction.
Elite Hotels has acquired Hotel Mårtensson, being one of Halmstad’s premier hotels, from Midstar Hotels. Midstar Hotels is a real estate company specialising in investments in hotel properties. Elite is one of the largest hotel chains in Sweden.
Midstar was advised by KANTER in the acquisitions.
Sun4Energy Group AB has entered into an agreement to acquire all the shares in Niutech Group AB, with payment in newly issued shares in Sun4Energy. Following the transaction, the companies’ operations will be combined in a new group where Niutech’s shareholders will own approx. 65 per cent. The transaction is subject to the approval of an extraordinary general meeting of Sun4Energy. KANTER acted for Niutech in the transaction.
Bure Equity AB (“Bure”) has divested 3,700,000 shares in Mycronic AB (“Mycronic”). The shares were sold to a price of SEK 235 per share, corresponding to a total sell down of approximately SEK 870 million. Following the share sale, Bure owns 22,617,163 shares in Mycronic corresponding to 23.1 per cent of the total number of outstanding shares. and votes. KANTER Advokatbyrå acted as legal advisor to Bure in the share sale.