Livingstone revs up in 2021
In the first three months of 2021, the global Livingstone team closed 16 transactions. Transactions of note include the sale of Leapfrog Brands, an innovative beverageware company stocked in Target stores, to Palladin Equity.
The Healthcare team advised Advocate Aurora Enterprises, one of the 12 largest not-for-profit, integrated health systems in the nation, on the acquisition of Senior Helpers. Senior Helpers is a leading franchisor and premier provider of in-home senior care services operating more than 320 locations across 44 states, Canada, and Australia. In an interview with Home Health Care News, Jim Moskal noted he acquisition marks the first deal for a home care franchisor since 2018 in the home care space.
Earlier in the quarter, the Healthcare team advised Ocean State Healthcare, a New England provider of comprehensive primary care services, on its sale to VillageMD.
In March, the Special Situations team completed two sale transactions on behalf of AAA Sales & Engineering. The assets related to AAA’s Wisconsin operations were sold to Liancheng (USA), Inc. ), and the stock of the Company’s Mexico operations was sold to Metal Technologies of Indiana LLC. The transactions were consummated pursuant to Chapter 128 of the State of Wisconsin Statutes.
Ranked the 2020 #1 M&A firm in Germany, the Livingstone Germany team completed six transactions in the first quarter. The Business Services team continues the successful buy & build strategy for Deutsche Infrastruktur und Netzgesellschaft (“DING Group”), a portfolio company of Deutsche Beteiligungs AG (“DBAG”). With the acquisition of Bergert Group in February and Triopt Group in March, Livingstone Germany has now supported the DING Group and the vitronet Group on ten transactions in the fiber-optic space in the last 24 months.
Livingstone Sweden advised Top Swede Konfektion, a leading supplier of personal protective equipment in the Nordic region, on its sale to Båstad-Gruppen. Båstad-Gruppen is owned by Storskogen, a privately owned group of companies that currently has a turnover of SEK 10 billion (USD 1B).
The Swedish Consumer team also advised fast-growing cold-pressed juice company Loviseberg Presseri on its sale to SEB Private Equity, a leading Nordic-based global private equity firm.
In addition, Livingstone Germany appointed Johannes Faber to Partner. An integral part of the Düsseldorf team since 2009, Johannes focuses on the telecommunications and fiber infrastructure sectors.
“With Johannes Faber, we add another highly qualified partner to the team with a track record of enormous commitment to his clients and firm. His promotion is a testament to our strength in offering internal development opportunities across all career stages,” said Christian Grandin, founding partner of Livingstone.
Finally, Livingstone made several vital additions across all offices, including Matt Slavik, Michael Ziffer, and Jack Tighe to the US office. Sebastian Zajons and Felix Baust joined Livingstone Germany, while Hampus Silverberg Edh and Guillem Vercher joined Livingstone Sweden and Livingstone Spain.
