Add-on Acquisition • Business Services

Vestum Acquires Lakers Group

On October 7, 2021, Vestum acquired business services company Lakers Group from Summa Equity for 2.0B SEK

Acquisition Context
  • This is Vestum’s 1st transaction in the Business Services sector.
  • This is Vestum’s 0th largest (disclosed) transaction.
  • This is Vestum’s 1st transaction in Norway.

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M&A Deal Summary

Date October 7, 2021
Target Lakers Group
Sector Business Services
Buyer(s) Vestum
Sellers(s) Summa Equity
Deal Type Add-on Acquisition
Deal Value 2.0B SEK
Advisor(s) Advokatfirman Cederquist KB
Selmer (Legal)

Target Company

Lakers Group

Oslo, Norway
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 Overview 1

Buyer

Vestum

Stockholm, Sweden

Category Company
Founded 1999
Sector Business Services
Employees1,338
Revenue 4.2B SEK (2024)
DESCRIPTION

Vestum is a Swedish acquisition-driven company focused on acquiring and developing profitable specialist companies in the construction services and infrastructure industries. Vestum was founded in 1999 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Norway 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

Summa Equity

Investor Investor Investor Investor Investor


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 Context for Seller #
Overall 6 of 8
Sector: Business Services 1 of 1
Type: Add-on Acquisition 3 of 3
Country: Norway 1 of 1
Year: 2021 5 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 G-CON Manufacturing

College Station, Texas, United States

G-CON Manufacturing designs, builds and installs prefabricated G-CON POD® cleanrooms. G-CON’s POD portfolio provides cleanrooms in a number of dimensions for a variety of uses, from laboratory environments to personalized medicine and production process platforms. G-CON Manufacturing was founded in 2009 and is based in College Station, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-25 TBauctions

Amsterdam, Netherlands

TBAuctions is an online auction platform and marketplace for second hand and second chance goods. The company auctions movable and immovable goods on behalf of third parties through ATLAS, its proprietary IT platform for intelligent auctioning (IA). TBAuctions is based in Amsterdam, Netherlands.

Buy -