Vinge is advising Capillar Equity Investment I in connection with the sale of shares in Nordic Surface Group (“NSG”) to a funds managed by Litorina and Bragnum, respectivley. NSG’s management will remain as significant co-owners in the group consisting of six local market leaders formed by Capillar Equity in 2020.
The company offers painting and other surface services such as flooring, tiling and facade finishing in Sweden and combined reported a revenue of SEK 1bn with 800 FTEs in 2020.
Closing of the transaction is subject to applicable competition law approvals and other customary closing conditions.
The Vinge team advising on the transaction includes partner Christina Kokko with the associates Michaela Cronemyr, Johanna Wiberg and Ellinor Wargenbrant.
