M&A Deal Summary

Summa Equity Acquires Lakers Group

On September 10, 2018, private equity firm Summa Equity acquired business services company Lakers Group

Acquisition Highlights
  • This is Summa Equity’s 1st transaction in the Business Services sector.
  • This is Summa Equity’s 2nd transaction in Norway.
Investment Fate
  • Lakers Group was sold to a publicly-traded strategic buyer in 2021 for 2.0B SEK.

M&A Deal Summary
Date 2018-09-10
Target Lakers Group
Sector Business Services
Buyer(s) Summa Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Lakers Group

Oslo, Norway
website
Lakers Group is an independent water pump service company in the Nordic region. Providing maintenance, service, development, and technical consulting of pumps, pumping stations, electrical motors, and related components. Lakers Group was founded in 2016 and is headquartered in Oslo, Norway.

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Buyer(S) 1

Buyer

Summa Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2016
PE ASSETS 14.0B SEK
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summa Equity is a private equity firm that looks to invest €10 to €50 million per transaction and pursues growing companies with significant business relations in the Nordic region. Summa Equity was formed in 2016 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 10 of 21
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 10
Country (Norway) 2 of 3
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 HyTest

Turku, Finland

HyTest produces antibodies and antigens for the IVD industry for use as key components of various laboratory assays and kits. HyTest’s customer base includes a large number of companies that supply IVD equipment, including many of the global leaders in the IVD market. The company is active across the globe, including US, Asia and Europe. HyTest was founded in 1994 and is based in Turku, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 LOGEX Group

Amsterdam, Netherlands

LOGEX Group provides costing analytics, providing advanced solutions for cost tracking, budgeting, and planning in healthcare.

Buy -
Mergr

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