Transaction

Connecting Capital sold Persson Innovation to Ceder Capital

Transaction

Connecting Capital sold Persson Innovation to Ceder Capital

Sell-side

Undisclosed

Role

Adviser to Connecting Capital on its sale of Persson Innovation to Ceder Capital

Sector

Industrial & Chemicals

Region

Sweden

Clearwater has advised Connecting Capital Sweden AB on its sale of leading manufacturer of handles for carrying paper and plastic packages Persson Innovation to Ceder Capital.

Persson Innovation was founded in 1982 and is a world-leading manufacturer of handles for carrying paper and plastic packages. The company has offices in Kumla, Sweden, and a turnover of €7.8m (SKr 80m). Persson Innovation’s products are important components for customers who use pet, laundry, drink, chemical and electronics products.

Ceder Capital has acquired Persson Innovation AB from Connecting Capital in cooperation with the management. Ceder Capital will support management with its objective to grow globally. The cooperation will increase Persson Innovation’s resources, both financially and operationally, which enables the company to develop and expand the business and create more value for customers.

Persson

We look forward to continuing our growth together with Ceder Capital. The cooperation will grant access to considerable resources in knowledge and internationalisation. We would also like to thank Connecting Capital who helped us grow and maintain our position as a world-leading handle manufacturer.

Kristian Nordgren, CEO at Persson Innovation
Persson

Connecting Capital has through acquisitions created a sizeable value in Persson Innovation. Ceder Capital is now taking over and will together with the management initiate a new phase of growth for the company.

Tomas Almgren, Partner Clearwater

Advisers

Transactions