M&A Deal Summary

Modulaire Group Acquires Temporary Space Nordics Group AB

On August 18, 2020, Modulaire Group acquired real estate company Temporary Space Nordics Group AB from Procuritas Capital

Acquisition Highlights
  • This is Modulaire Group’s 1st transaction in the Real Estate sector.
  • This is Modulaire Group’s 1st transaction in Sweden.

M&A Deal Summary

Date 2020-08-18
Target Temporary Space Nordics Group AB
Sector Real Estate
Buyer(s) Modulaire Group
Sellers(s) Procuritas Capital
Deal Type Add-on Acquisition

Target

Temporary Space Nordics Group AB

Kungsängen, Sweden
Temporary Space Nordics Group AB offers high-quality temporary premises primarily for accommodation, schools, health centers, and office spaces. Temporary Space Nordics Group AB is headquartered in Sweden with operations in Norway, Denmark, and Finland as well.

Search 214,600 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Modulaire Group

London, United Kingdom

Category Company
Sector Real Estate
DESCRIPTION

Modulaire Group creates smart spaces for people to live, work, and learn. Modulaire Group has operations in 25 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire Group operates as Algeco in Europe and Scandinavia, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels, and BUKO Bouwsystemen in The Netherlands, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China. Modulaire Group is based in London, United Kingdom.


DEAL STATS #
Overall 3 of 10
Sector: Real Estate M&A 1 of 5
Type: Add-on Acquisition M&A Deals 3 of 9
Country: Sweden M&A 1 of 1
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 Wexus Gruppen AS

Stavanger, Norway

Wexus Group focuses on the sale and rental of modular buildings for public projects, infrastructure, construction, and oil & gas sectors in Norway and Sweden. Wexus provides flexible solutions to its customers using its modern factory in Estonia that has its own Technical Approvals from Sintef. Wexus was formed in 2014 and is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Advanté

Essex, United Kingdom

Advanté Ltd. is a specialist provider of instant start welfare accommodation that provides facilities to workers before utilities have been connected to a site. Advanté operates 500 units across the UK under the Oasis brand. Advanté was founded in 1998 and is based in Essex, United Kingdom.

Buy -

Seller(S) 1

SELLER

Procuritas Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Procuritas Capital is a private equity firm focused on acquiring middle-market Nordic companies. Procuritas Capital does not have any sector preferences and generally seeks to acquire businesses with €15 to €100 million in revenue valued up to €100 million. Target acquisition characteristics include strong management in place, opportunities for growth, and unique products/services. Procuritas Capital was established in 1986 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 18 of 26
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 10
Country: Sweden M&A 11 of 14
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Lassenteret

Hordaland, Norway

Lassenteret is a security center that designs, installs and services locks, access solutions, and other security-related products for private, public and commercial customers. Lassenteret was founded in 1970 and is based in Hordaland, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Fidelix Oy

Vantaa, Finland

Fidelix Oy is a provider of building management systems and related building automation products. The company helps Nordic building owners to monitor and control their technical systems (e.g. ventilation, heating, and water), including fault alarms and energy consumption optimization. Fidelix was formed in 2002 and is based in Vantaa, Finland.

Sell -