Vinge has advised the Nordic private equity firm Axcel in connection with its establishment of a new property well-being service group by creating a platform of 15 companies across Sweden and Norway. The group offers inspection, maintenance and incident management services for properties, with a focus on indoor air quality, moisture and pipes.
All group companies are entrepreneur-led, local businesses with long-standing customer relationships and a high level of expertise in areas such as indoor air quality, moisture control or pipes, and offers its services directly to property owners as well as through facility managers and insurance companies. In total, the new group employs nearly 500 people and generates revenue of more than SEK 800 million.
The transaction is subject to applicable regulatory approvals.
Vinge’s team consisted of Christina Kokko, Samra Tesser, Elsie Nassar, Robin Sultani, Nina Fathjalali, Erik Kochbati, Ida Appelgren, Alex Forsberg and Gabriel Chabo (M&A), Hanna Marberg and Amelia Rihs (Employment), Kamyar Najmi, Calle Tengwall Pagels and William Carlberg Johansson (Banking and Finance), Fredrika Hjelmberg and Siri Blomberg (Commercial Agreements, IT and GDPR), Arvid Axelryd, and Johan Gavelin (Intellectual Property), Hanna Kövamees and Lina Österberg (Real Property and Environment), Kristoffer Sällfors (Public Procurement), David Olander and Alva Chambert (EU, Competition and Regulatory), Gulestan Ali (Compliance) and Fanny Askelöf and Julia Ulander Kull (Transaction Support Coordinators).
Read the client’s press release here.
