Lakers Holding AB has been sold to Summa Equity
Lincoln International, a leading global mid-market investment bank, is delighted to have represented MVI in its sale of Lakers Holding AB (“Lakers”), a market leading provider of pump installations and maintenance services in the Nordics, to Summa Equity.
Lakers was founded in 2016 through a merger of three separate companies and has subsequently grown to become one of Scandinavia’s leading pump installation and maintenance services providers. Today, Lakers offers its services to the waste and waste water, building services and industrial end markets. Headquartered in Oslo, Norway, Lakers operates across Denmark, Norway and Sweden serving both the public and private sector with a total staff of about 130 employees and revenue of SEK 280 million.
Lincoln International’s team from Sweden was mandated by MVI to act as its exclusive investment banking representative, working closely with the Company’s management team and shareholders throughout the sale process. This included providing strategic advisory expertise and managing the negotiations and due diligence phases of the transaction.
“Lincoln did an excellent job in guiding Lakers throughout the entire sale process, and it was good to have a professional partner to talk to when issues came up. Their facilitation in key meetings where also appreciated, they were especially good at balancing both sides when talking about matters such as information requests. We are pleased both about the outcome and the process.” – Carl-Johan Callenholm, CEO Lakers Holding AB
John Hamilton, Managing Director at Lincoln International commented, “The sale of Lakers was a great outcome for all involved – a transaction that produced excellent returns for the owners and a promising new buy-and-build platform for Summa Equity to develop in the coming years. As an advisor, it is especially rewarding to contribute to the success of a daring and entrepreneurial management team, that have risked their own money and trusted their instincts to pursue their dreams.”
MVI is a Nordic-based private equity firm, with a strong track record of acting as a catalyst for small and medium sized companies that have revenues between SEK 50-250 million. The firm maintains an entrepreneurial investment philosophy and focuses on companies with fundamental growth and international potential.
Summa Equity was founded in 2016 and closed its first private equity fund in 2017 with commitments of SEK 4.7 billion. Its investment in Lakers is aligned with its strategic focus on Nordic small and mid-market companies with exposure to three megatrend-driven themes: resource efficiency, changing demographics and technology-enabled businesses.
The terms of the transaction were not disclosed.
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