Vinge has advised Industrifonden in connection with Flexenclosure’s capital raising. The company has secured an investment of SEK 160 million, half of which has been provided by IFC (International Finance Corporation) and the other by the former owners, Industrifonden and AP 2. The new capital will be used to accelerate sales and further develop Flexenclosure’s “green” telecom and IT solutions, primarily eSite and eCentre.
Flexenclosure has an aggressive research and development programme and is expanding its sales operations in emerging markets. During the last year, the company has opened offices in Nigeria, Kenya, Pakistan, India, Malaysia and Dubai.
Vinge partner Johan Larsson advised Industrifonden.