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M&A Deal Summary

Litorina Capital Advisors Acquires Northclean

On January 1, 2022, private equity firm Litorina Capital Advisors acquired business services company Northclean

Acquisition Highlights
  • This is Litorina Capital Advisors’ 6th transaction in the Business Services sector.
  • This is Litorina Capital Advisors’ 49th transaction in Sweden.

M&A Deal Summary
Date 2022-01-01
Target Northclean
Sector Business Services
Buyer(s) Litorina Capital Advisors
Deal Type Consolidation

Target

Northclean

Stockholm, Sweden
Northclean is a group of companies within facility services. Northclean’s vision is to contribute to a cleaner and more sustainable future by, together with entrepreneurs, building a leading player consisting of strong, local and regional quality companies. Northclean was founded in 2022 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Litorina Capital Advisors

Stockholm, Sweden

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 8.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Litorina Capital is a private equity firm that that invests in lower middle-market, privately held Scandinavian companies with an enterprise value of SEK 200 – SEK 1000 million. Sectors of interest include consumer goods, industrial, services, and information technology. The firm's investment horizon is three to seven years. Litorina Kapital was formed in 1998 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 53 of 55
Sector (Business Services) 6 of 6
Type (Consolidation) 1 of 1
Country (Sweden) 49 of 51
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 EuroFlorist

Malmo, Sweden

EuroFlorist is a flower retailer provides delivery services in 10 European countries. EuroFlorist Sverige was founded in 1982 and is based in Malmo, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Embellence Group

Boras, Sweden

Embellence Group is a player in the premium interior design market and has a prominent position internationally with sales in over 90 countries. Embellence Group brands include Cole & Son, Wall&decò, Pappelina, Artscape and Boråstapeter. Embellence Group shall develop its position as a leading House of Brands with a focus on wallpaper, textile, rugs, pattern-based window film and other interior decoration and drive development in a changing wallpaper and interior decoration market. Embellence Group was founded in 1905 and is based in Boras, Sweden.

Sell -
Mergr

Product

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