Segulah Fund VI has entered into an agreement to acquire a majority in Levinsgruppen i Hässleholm AB. Current owners will remain in their respective operational roles and retain a significant shareholding in the group. The acquisition will be the first investment for Segulah Fund VI. Segulah Fund VI was advised by KANTER in the transaction.
In July 2021, Holmströmgruppen and Areim submitted a public takeover bid to the shareholders of Magnolia Bostad. The offer, which was completed in August 2021, values Magnolia Bostad at approximately SEK 2.9 billion. Magnolia Bostad’s shares are listed on Nasdaq Stockholm. KANTER has assisted Magnolia Bostad in connection with the public takeover bid.
Segulah Fund V has divested Semantix International Group AB to TransPerfect Global, Inc., the world’s largest provider of language and technology solutions for global business. Semantix is today the leading provider of language services and solutions in the Nordic region. KANTER represented Segulah in the transaction.
Axel Johnson’s Solar Investment Company AxSol invests in EnergiEngagemang, a leading installer of commercial and large scale solar cell plants. Through the investment AxSol takes a majority stake in the company, thereby further strengthening its position in the commercial segment and in the design and construction of solar parks. AxSol was represented by KANTER in the transaction.
Segulah Fund V has entered into a definitive agreement to sell its interest in Conapto Group Holding AB to Pan-European infrastructure fund Marguerite II. Conapto is a Stockholm-based colocation provider operating two modern data centres and one recovery site. Segulah established the business in September 2018, via the carve-out of the Nordic operations of US-headquartered IT service provider Sungard Availability Services and created an independent Nordic operator. KANTER represented Segulah in the transaction.
Monterro, the leading Nordic growth investor in B2B software companies, has divested Grade, a fast-growing Human Capital Management SaaS company, to Viking Venture. Grade offers a comprehensive SaaS platform for talent management with more than 680,000 users in the Nordics, from mid and large sized private companies to public organizations. KANTER represented Monterro in the transaction.
Genova has entered into an agreement to acquire the property Fuxen 3 in Täby for an underlying property value of SEK 92 million. The closing of the transaction is expected to take place 1 September 2021. Genova was advised by KANTER in the transaction.
Genova has entered into an agreement to acquire the properties Kvarngärdet 63:2-4 in Uppsala for an underlying property value of SEK 97 million. The closing of the transaction is expected to take place 1 September 2021. Genova was advised by KANTER in the transaction.
Segulah Medical Acceleration AB (SMA) has invested in the cancer liquid biopsy and genomic testing company SAGA Diagnostics’ oversubscribed SEK 106 million Series A2 equity financing round. SMA was represented by KANTER in the investment.
Axfood acquires the wholesale business of Bergendahl Food AB and strengthens its presence in the Swedish food retail market. In addition, Axfood and Bergendahls initiate a strategic partnership for the retail chain City Gross, where Axfood acquires a minority stake of 9.9 percent with an option to acquire shares up to an equity stake of 30 percent. Axfood and City Gross also enter into a long-term delivery and cooperation agreement that will strengthen the competitiveness of City Gross. The total consideration amounts to SEK 1.8 billion and in connection with the transaction, Axfood intends to carry out a rights issue of SEK 1.5 billion to maintain a strong financial position and flexibility going forward. Axfood was represented by KANTER in the transaction.