Vinge has advised Attendo, the largest care company in the Nordic region, in connection with the conclusion of an agreement to acquire Team Olivia's Swedish care operations (excluding personal assistance). Attendo thereby strengthens its position within care for people with disabilities, individual and family care as well as home care in Sweden.

The acquisition means that approximately 120 care operations with about 3,200 customers and close to 3,000 employees will become part of the Attendo Group. Team Olivia conducts highly specialised care for people with complex care needs in disabled care and induvial and family care, which complements Attendo's existing operations in these areas . The transaction is expected to provide clear economies of scale, entailing increased resources for quality development, digitalisation and improvement of working methods in care-related work. The acquired business has annual sales of approximately SEK 1,350 million with a lease-adjusted operating profit of approximately SEK 130 million.

The purchase price amounts to SEK 950 million on a cash and debt-free basis.

Vinge's team mainly constisted of Jonas Bergström, Joacim Rydergård, Carl Sander, Isabelle Wållgren, Gustav Wahlberg and Sara Passandideh (M&A), Mathilda Persson and Elis Allmark (IT), Christoffer Nordin (Permits), Frida Ställborn and Madelene Andersson (Real Estate), Simon Söderholm and Olivia Onwuta (Employment), Nicklas Thorgenzon (GDPR), Karl-Gustaw Tobola och Sofia Haggren (Financing), Sofia Bergenstråhle (IP), Julia Löfqvist and Maja Höglund (Compliance), Sebastian Öhrndahl, Daniel Wendelson, Lovisa Lewin, Dagne Sabockis and Hilda Ivarsson (Regulatory), Kristoffer Sällfors (Public Procurement) and also Emy Rydén and Christoffer Widström (Transaction Support Coordinators).

Related

Vinge has assisted KMC Properties in its merger with Logistea

On June 14, 2024, KMC Properties ASA, listed on Oslo Børs, announced that the company is merging with Logistea AB (publ), listed on Nasdaq Stockholm.
June 24, 2024

Vinge advises Cinclus Pharma in connection with listing on Nasdaq Stockholm

Vinge advises Cinclus Pharma Holding AB (publ) (“Cinclus Pharma”) in connection with an offering of new ordinary shares and listing on Nasdaq Stockholm. The first day of trading is 20 June 2024.
June 20, 2024

Vinge advises Axcel VI and the Currentum in connection with the acquisition of Elektro-Emanuel

Vinge advises Axcel VI and the Currentum Group in connection with the acquisition of Elektro-Emanuel AB. The company carries out electrical installations for both companies and private individuals and has offices in four cities in western Sweden.
June 19, 2024