Transaction

Clearwater advises Ceder Capital on the sale of five portfolio companies to Storskogen

Transaction

Ceder Capital sold Persson Innovation, SoVent, Viametrics, Buildercom and Adero to Storskogen

Sell-side

Undisclosed

Role

Adviser to Ceder Capital on the sale of five portfolio companies to Storskogen

Sector

Business Services

Region

Sweden

Clearwater has advised Nordic private equity fund Ceder Capital on the sale of five portfolio companies Persson Innovation, SoVent, Viametrics, Buildercom and Adero. The sale marks a full exit from Ceder Capital Fund 1 for Ceder Capital.

Persson Innovation is a supplier of carrying handles and applicator machines to the packaging industry. The company has a nearly 40-year history of excellent qualifications and enables customers to reduce or eliminate the use of plastics in packaging applications.

SoVent Group is a provider of chimney sweeping and ventilation services. The group of companies was formed in 2018 when six chimney sweeping and ventilation companies merged, and currently comprises of more than 30 companies. The driving force for the merger and subsequent consolidation was the consensus among the local entrepreneurs that the group with joint efforts, could develop its service offering, invest in digital tools, and increase the level of service.

Viametrics is an international provider of visitor counting solutions. The offering is based on a combination of hardware and software and provides services to real estate owners, retailers, and municipalities with traffic data. Viametrics services are used in 50 countries, and more than 15,000 locations.

Buildercom is a provider of cloud-based information management solutions for property owners and construction companies in Finland. The platform offers information management and archiving services that are used during a property's entire life cycle; from the construction phase to maintenance and management of the property.

Adero is a supplier of technical ventilation installation services in Stockholm and the Uppsala area. The company has solid expertise in HVAC installation with the ability to take full project responsibility, including planning, installation, and service. Adero focuses on large and complex commercial and public construction projects.

Storskogen, the Swedish investment company that acquired the portfolio will provide experience, competence and support for the portfolio companies continued growth. Storskogen, a Swedish investment company which acquires and operates profitable companies with leading market positions across the business areas services, industry and trade.

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It is gratifying to acquire such fine and well-run companies as Adero, Buildercom, SoVent, and Viametrics. They all have strong positions in the market, long and strong customer relationships and proven business models. We look forward to working with the companies to achieve continued profitable growth.

Peter Ahlgren, EVP Storskogen and Head of Business Area Services
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Persson Innovation has a leading position in the market for paper handles for the packaging industry. We are very happy to be able to contribute to a reduction in the use of plastics and a greener planet by supporting the company in its continued growth.

Fredrik BergegÄrd, EVP Storskogen and Head of Business Area Industry

It has been a true pleasure to work with Ceder Capital and the management teams throughout the process. Together, they have developed five very well-managed growth companies with strong market positions in each respective niche. We thank Ceder Capital and management for a good collaboration and look forward to following the companies' development going forward with Storskogen.

Henrik Falkenby, Associate Director, Clearwater

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