Clearwater advises MVI on its sale of Swedish circular champion Biototal Group to SEB Private Equity

Transaction

MVI sold Biototal Group to SEB Private Equity

Sell-side

Undisclosed

Role

Adviser to MVI on the sale of Biototal Group

Sector

Business Services

Region

Sweden

We have advised the Nordic private equity client MVI on the sale of Biototal Group, a circular economy leader that refines waste fractions and develops ready-to-use products for agricultural and industrial applications, to SEB Private Equity, a Nordic-based global private equity investor.

Biototal transforms waste fractions from industrial infrastructure—including wastewater treatment plants, processing industries, and nuclear rod production—into economic and environmental value for customers in agriculture and land restoration.

Under MVI's ownership, Biototal expanded both organically and through the strategic acquisition of Mewab in 2021, growing approximately €8.3m (SEK 95m) in sales to €22m (SEK 250m).

With SEB Private Equity as its new growth partner, Biototal’s reinvesting founders are well-positioned to advance circularity further and continue the company's profitable growth journey, while also enhancing its position as the industry’s most attractive employer.

One of our focus areas is sustainability and circular business models. Biototal was therefore exactly what we were looking for, and we were immediately impressed by the company's growth and sustainability journey since its inception.
Magnus Ramström, Investment Director, SEB Private Equity

Since MVI's initial investment in Biototal in 2020, the company has grown from approximately €8.3m (SEK95m) in revenue to €22m (SEK250m), driven by both a major strategic acquisition and organic growth in its existing business, as well as the introduction of new products. Biototal’s business model is of critical societal importance, as it identifies, utilises, and refines by-products, contributing to closing the circular loop between urban and rural areas.

We are proud of the dedication and strong drive of the company's employees, which laid the foundation for the profitable growth witnessed during our ownership. I would also like to sincerely thank the Clearwater team, whose dedicated efforts throughout the sales process enabled a transaction that allowed us to execute an exit in line with our internal business plan, and to a buyer with a clear focus on sustainable investments.
Mårten Werner, Partner, MVI

Advisers

Gustaf Plyhm

Partner +46 70 939 21 12 gustaf.plyhm@clearwatercf.com Connect

Andreas Klavebäck

Associate Director +46 76 136 77 59 andreas.klaveback@clearwatercf.com Connect

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