M&A Deal Summary

Kungsleden Acquires Nordic Modular Group

On January 9, 2007, Kungsleden acquired business services company Nordic Modular Group from 3i Private Equity for 916M SEK

Acquisition Highlights
  • This is Kungsleden’s 1st transaction in the Business Services sector.
  • This is Kungsleden’s 0th largest (disclosed) transaction.
  • This is Kungsleden’s 1st transaction in Sweden.
Investment Fate
  • Nordic Modular Group was divested to a consortium of buyers in 2015.
  • Nordic Modular Group was sold to a publicly-traded strategic buyer in 2018.

M&A Deal Summary

Date 2007-01-09
Target Nordic Modular Group
Sector Business Services
Buyer(s) Kungsleden
Sellers(s) 3i Private Equity
Deal Type Add-on Acquisition
Deal Value 916M SEK

Target

Nordic Modular Group

Upplands Väsby, Stockholm, Sweden
Nordic Modular operates production and letting of prefabricated buildings, divided into business lines Temporent and Flexator. Temporent is one of the biggest companies in Sweden renting out temporary premises. Flexator has been a market leader in Sweden for 50 years in building prefabricated buildings. Clients are in the private and public sectors.

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Buyer(S) 1

Buyer

Kungsleden

Stockholm, Sweden

Category Company
Founded 1997
Sector Real Estate
Employees133
Revenue 2.5B SEK (2020)
DESCRIPTION

Kungsleden engages in the ownership, management, and trading of properties in Sweden. Its properties include offices, industrial/warehouses, retail properties, retirement homes, schools, and care centers. Kungsleden was founded in 1997 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Nordic Modular Group

Upplands Väsby, Stockholm, Sweden

Nordic Modular operates production and letting of prefabricated buildings, divided into business lines Temporent and Flexator. Temporent is one of the biggest companies in Sweden renting out temporary premises. Flexator has been a market leader in Sweden for 50 years in building prefabricated buildings. Clients are in the private and public sectors.

Sell -

Seller(S) 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 61 of 196
Sector: Business Services M&A 5 of 17
Type: Add-on Acquisition M&A Deals 17 of 63
Country: Sweden M&A 4 of 15
Year: 2007 M&A 3 of 26
Size (of disclosed) 52 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 Damcos Holding A/S

Naestved, Denmark

Damcos is a supplier of hydraulic equipment for the local marine shipbuilding industry. Since the early 1990s, the company has developed into a global supplier of marine actuators and integrated marine tank management solutions. Since 2004, Damcos has had a strategic partnership with Emerson to sell Saab Rosemount TankRadar systems to the tanker market. Damcos has production facilities in Naestved; Ry, Denmark; Busan, South Korea; and Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 UFO Moviez India

Mumbai, India

UFO Moviez India is a digital cinema chain, currently pioneering the use of MPEG-4 technology based Digital Cinema System. This enables the delivery and projection of motion pictures through electronic transmission method, via a satellite. UFO Moviez India was founded in 2004 and is based in Mumbai, Maharashtra.

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