Vinge assisted Patricia Industries, a part of Investor AB, in connection with the financing of the acquisition of Piab Group AB from EQT.
The enterprise value amounts to SEK 6.95 bn. Patricia Industries expects to inject approximately SEK 5.5 bn. in equity for majority ownership of the company. The remainder of the acquisition will be financed by external debt and equity participation by the management and key individuals within Piab.
Piab is a leading gripping and moving solutions company that develops and manufactures a complete line of products such as vacuum pumps and ejectors, suction cups and vacuum conveyors used for gripping and moving applications in automated manufacturing and logistics processes. The acquisition is subject to approval by the relevant competition authorities. Closing is expected during the second quarter of 2018.
Vinges team consisted of Mikael Ståhl, Helena Håkansson, Ludvig Wettergren and Desirée Sjöblom.