Provator sold ARAT Group to storskogen

Transaction

Sell-side

Undisclosed

Role

Adviser to Provator on its sale of ARAT Group to Storskogen

Sector

Industrial & Chemicals

Region

Sweden

Clearwater has advised Provator on its sale of ARAT Group to Storskogen.

Storskogen has acquired ARAT Group, along with its subsidiaries ALMAB, Renholmen and Arivislanda, from the investment company Provator and a number of minority owners.

ARAT Group delivers technical equipment for sawmills and the wood finishing industry through three different well-known brands. The three companies are operated separately, and together employs 100 people with a combined turnover of €29.2m (SEK 300m). The group has a strong distribution network and presence in Northern Europe and has built an impressive ongoing project-pipeline. The companies will still be operated separately but will form part of the same ownership structure.

Storskogen is an industrial and commercial group that owns 28 Swedish companies with a combined turnover of more than €390m (SEK 4b). Storskogen is a stable long-term owner that plans to grow organically through acquisitions.

Storskogen invests in stable and profitable companies. It gives us the opportunity to continue our journey of development and expansion.
Per Jonsson, CEO, Renholmen

We’re looking forward to continuing the development of our three leading companies with a positive attitude together with Storskogen. It also enables us to make further acquisitions.
Johan Andersson, CEO, ARAT Group

We are a strong and long term committed owner that sees great potential in ARAT Group and its three subsidiaries.
Daniel Kaplan CEO and partner, Storskogen

Having started out nearly 100 years ago, ARAT Group has established a strong market position by delivering high quality solutions. The company generated broad interest and could, after an efficient process, select the rapidly expanding Storskogen as a suitable partner for the company's continued development.
Tomas Almgren, Partner, Clearwater