Genova has entered into an agreement to acquire the proprty Fuxen 3 in Täby for an underlying property value of SEK 92 million. Tillträde är planerat till den 1 september 2021. 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.
The seller has on May 12th sold a majority shareholding in Lindberg Stenberg Arkitekter to Storskogen. The company carries out architectural business from untouched land to occupancy, specialising in multifamily residentials, urban planning, preschools, student housing, and retirement homes. KANTER has represented the seller in the transaction.
IBS Byggnadsställningar was founded in 1978 and has logistics centers in Oskarshamn, Gothenburg, Norrköping, Linköping, Kalmar, Mönsterås, and Ringhals. The sale to XERVON include all subsidiaries in the IBS Byggnadsställningar group. XERVON is one of Sweden’s largest suppliers of scaffolding and weather protection for projects in construction, infrastructure, and development. KANTER has represented the seller in the transaction.
Francks fortifies their position in Västergötland by acquiring MD Kylcontroll AB. The purchase of Billinge Kyl AB is Francks’ second acquisition in Västergötland in a short time. Along with the purchase of MD Kylcontroll, Billinge Kyl creates a strong platform for further growth in the region. KANTER has represented Francks in the acquisition.
Genova has agreed on the acquisition of the project property Söderhällby 1:9 in Uppsala. Genova’s total investment is estimated at SEK 210 million, before deduction of deferred taxes. Access to the property is planned for August 2021. KANTER has represented Genova in the transaction.
KANTER has assisted Saminvest in the commitment of SEK 125 million to Segulah Medical Accelerator, SMA. SMA will specialize in investments in medical technology with a focus on Sweden, the rest of Scandinavia, and Western Europe. Read more here – https://www.saminvest.se/sv/nyheter/saminvest-investerar-i-segulah-medical-accelerator
Lexplore, a Swedish EdTech company with a unique AI and eye-tracking technology used to assess and develop children’s literacy skills in schools raises €5M in an equity round financing, to accelerate international growth. Lexplore was represented by KANTER in the investment round.