Mandate

Vinge advised Jays Group in conjunction with the acquisition of Krusells

May 02, 2018 M&A

Vinge has advised Jays Group AB (publ), listed on Nasdaq First North, in connection with the acquisition of all shares in Krusell United AB.

The Krusell group offers accessories, bags and protective products for mobile phones, tablets, laptops under its own trademarks, but also on an OEM basis for large global customers. Krusell has its own design and development in Gothenburg as well as in Bangkok, Thailand, where the company’s own manufacturing facilities are situated. The purchase price consists of a fixed purchase price of MSEK 45.3 which is paid, in part, in cash and, in part, against seller promissory notes and, in part, through shares in Jays Group as well as a supplementary purchase price of 0.5xEBTIDA for the years 2018 and 2019. Closing is planned to take place on 31 May 2018.

Vinge’s team primarily consisted of Anders Strid and Natalie Bäck.

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