Mandate

Vinge advises Eleda’s shareholders in connection with partnership with Altor

May 09, 2020

Vinge has advised the shareholders of Eleda Infra Services Group (“Eleda”) on the divestment of a majority stake in Eleda to Altor Fund V.

As part of the transaction, Eleda acquires and partners with the entrepreneurs of Järfälla VA- & Byggentreprenad AB and divests KEWAB, Kenneth Wahlström Aktiebolag. In addition, Eleda acquires ONE Nordic from Altor Fund III. Management of the respective companies will remain as significant shareholders of the combined group and continue in their respective operational management roles.

The new, larger, Eleda will be an expansive infrastructure services group focusing on small to medium sized civil engineering and transmission infrastructure projects and services across a wide range of sectors including water works, road works, energy works and data centers.  The companies have an impressive history of strong growth and a proven ability to gain additional market shares in fast-growing areas of the market. The new Eleda group had a combined turnover of ca SEK 6 billion in 2019.

The transaction is subject to customary regulatory approvals.

Vinge’s team consisted of partner Christina Kokko together with associates Manne Bergström, Michaela Cronemyr, Johanna Wiberg, Fredric Reissmüller, Hanna Risberg, Stina Bengtsson and Jonathan Riddersholm (M&A), Trine Osen Bergqvist, Xandra Ståhlberg and Lisa Malmborg (Competition), Josefine Lanker (Banking and Finance), Jessica Öijer and Christoffer Widström (VDR Specialists) and Nathalie Hughes (VDR Assistant).

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