Clearwater has advised Priveq Investment on its sale of the leading provider of temporary power, lighting and environment products El-Björn International AB (El-Björn) to Connecting Capital. The divestment by Priveq Investment comes after five years of being the majority owners of El-Björn.
El-Björn was founded in 1954 in Anderstorp and started producing temporary power solutions in the ‘70s. Today, El-Björn has a turnover of €25.6m (SKr 250M), unmatched profitability and a strong market position. Priveq acquired the company in 2011 and has since shown impressive growth, both in the domestic market and through geographical expansion.
