Livingstone advised Capillar Equity in the formation of Nordic Climate Group – Sweden’s leading group for cooling installations and energy efficient technical solutions. The goal is to create a strong and prominent player in the industry of planning, installation and service of cooling and heating with ancillary services on the Swedish market.
The group consists of 20 refrigeration technology companies and 12 franchisees. Together, the group has a turnover of SEK 1.3 billion and approximately 500 employees. Capillar Equity holds just over 50% of the shares in Nordic Climate Group, while the entrepreneurs in the local companies retain a continued significant ownership of the group.
“Nordic Climate Group will have a market-leading position already from inception. All the prerequisites are in place to create a group that will lead industry development by combining the ambitions of the entrepreneurs with Capillar’s ability to create structure in a larger but still decentralized group“, says Tomas Lind, Director presso Livingstone.
Capillar Equity is a private equity company that invests in small and medium-sized companies in the Nordic region to develop them into industry leaders through growth, profitability improvement and increased professionalism. Behind Capillar Equity are institutional as well as private investors.
Livingstone advised Capillar Equity on 11 of the 20 acquisitions of Nordic Climate Group.
Livingstone thereby completes another transaction in the Business Services sector, following the sale of IBS Byggnadsställningar to Xervon, the sale of TM Konsult to AFRY and the sale of MJ Contractor to Storskogen.
