Global menu

Our global pages

Close

Eversheds Sutherland has advised Connecting Capital

  • Sweden

    17-03-2022

     

    Eversheds Sutherland has advised Connecting Capital in connection with them entering into agreement to, subject to approval by the Swedish Competition Authority, divest all their shares in Infrastructure Group Nordic AB, with the operative subsidiaries Rovalin AB and Soil Mixing Group AB, to nordisk Bergteknik AB (publ), listed on OMX Stockholm Mid Cap.    
     
    Rovalin was founded in 2014 and today has 45 employees. The company offers services within foundation and has a leading market position as a supplier of a comprehensive offer in deep foundation. The business is based in Nykvarn and operates mainly in the Stockholm area but will in the future also strengthen Nordisk Bergteknik's geographical presence in the northern parts of Sweden. Soil Mixing Group offers services in soil and soil reinforcement for properties and construction projects around Sweden and in Norway and currently has 22 employees.  
     
    The purchase price amounts to SEK 178 million and is paid through SEK 49 million in cash at completion of the transaction, SEK 54 million through reinvestment by operative sellers in shares in Nordisk Bergteknik, and SEK 75 million in a seller promissory note. 
        
    For further information, please see - https://nordiskbergteknik.se/press/4D44A57308C5BF54/ 
        
    Eversheds Sutherland's team consisted of Jens André and Victor Sundh. 

     

    Eversheds Sutherland has advised Connecting Capital in connection with them entering into agreement to, subject to approval by the Swedish Competition Authority, divest all their shares in Infrastructure Group Nordic AB, with the operative subsidiaries Rovalin AB and Soil Mixing Group AB, to Nordisk Bergteknik AB (publ), listed on OMX Stockholm Mid Cap.   

    Rovalin was founded in 2014 and today has 45 employees. The company offers services within foundation and has a leading market position as a supplier of a comprehensive offer in deep foundation. The business is based in Nykvarn and operates mainly in the Stockholm area but will in the future also strengthen Nordisk Bergteknik's geographical presence in the northern parts of Sweden. Soil Mixing Group offers services in soil and soil reinforcement for properties and construction projects around Sweden and in Norway and currently has 22 employees. 

    The purchase price amounts to SEK 178 million and is paid through SEK 49 million in cash at completion of the transaction, SEK 54 million through reinvestment by operative sellers in shares in Nordisk Bergteknik, and SEK 75 million in a seller promissory note.

    For further information, please see press release.  

    Eversheds Sutherland's team consisted of Jens André and Victor Sundh. 

    Jens André, Partner
    Victor Frejdig, Principal Associate

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF

    © Eversheds Sutherland 2023. All rights reserved. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.

    Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.